Berkshire Hathaway and Russell Corporation Announce Termination of Hart-Scott-Rodino Waiting Period.

ATLANTA & OMAHA, Neb. -- Russell Corporation (NYSE: RML) and Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) announced today in connection with Berkshire Hathaway's pending acquisition of Russell Corporation, that the waiting period for US antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 terminated on May 30, 2006.

As previously announced on April 17, 2006, Russell Corporation and Berkshire Hathaway have entered into a definitive merger agreement pursuant to which Berkshire Hathaway has agreed to acquire Russell Corporation in exchange for the payment of $18.00 per share for each outstanding share of Russell Corporation stock. The transaction remains subject to certain closing conditions, including Russell Corporation stockholder approval.

About Berkshire Hathaway

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance basis, utilities and energy, finance, manufacturing, retailing and services. Common stock of the Company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

About Russell Corporation

Russell Corporation is a leading branded athletic and sporting goods company marketing athletic apparel, uniforms, footwear and equipment for a wide variety of sports, outdoor and fitness activities. The Company's major brands include Russell Athletic(R), JERZEES(R), Spalding(R), Brooks(R), Huffy Sports(R), Bike(R), Moving Comfort(R), AAI(R) and Mossy Oak(R). The Company's common stock is listed on the New York Stock Exchange under the symbol RML and its web site address is http://www.russellcorp.com.

Additional Information and Where to Find It

In connection with the proposed acquisition and required stockholder approval, Russell Corporation has filed a preliminary proxy statement with the Securities and Exchange Commission ("SEC") and will file a definitive proxy statement with the SEC. The definitive proxy statement will be mailed to the stockholders of Russell Corporation. RUSSELL CORPORATION'S STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RUSSELL CORPORATION. Investors and stockholders may obtain free copies of these documents (when they are available) and other documents filed with the Securities and Exchange Commission at the SEC's web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Russell Corporation through the Investor Relations section of the its website, http://www.russellcorp.com, as soon as reasonably practicable after filing with the SEC.

Participants in Solicitation

Russell Corporation and its officers and directors may be deemed to be participants in the solicitation of proxies from Russell Corporation's stockholders with respect to the proposed merger. Investors and stockholders may obtain more detailed information regarding the direct and indirect interests of the Russell Corporation's executive officers and directors in the merger by reading Russell Corporation's preliminary proxy statement which has been filed with the SEC and the definitive proxy statement which will be filed with the SEC. The preliminary proxy statement is available and the definitive proxy statement will be available free of charge at the SEC's web site at http://www.sec.gov or by going to the Russell Corporation's Investor Relations page on its corporate website at http://www.russellcorp.com.