Steinway Announces Closing of Transaction Eliminating Dual Class Voting Structure

Steinway Announces Closing of Transaction Eliminating Dual Class Voting Structure

WALTHAM, Mass., June 2, 2011 /PRNewswire/ -- Steinway Musical Instruments, Inc. (NYSE: LVB) today announced that the previously disclosed sale of its Class A common stock has been completed. Upon the sale, Steinway's dual class voting structure was eliminated.

About Steinway Musical Instruments

Steinway Musical Instruments, Inc., through its Steinway and Conn-Selmer divisions, is one of the world's leading manufacturers of musical instruments. Its notable products include Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, Leblanc clarinets, King trombones, Ludwig snare drums and Steinway & Sons pianos. Through its online music retailer, ArkivMusic, the Company also produces and distributes classical music recordings. For more information about Steinway Musical Instruments, Inc. please visit the Company's website at www.steinwaymusical.com.

Contact: Julie A. Theriault
Telephone: 781-894-9770
Email: ir@steinwaymusical.com

SOURCE Steinway Musical Instruments, Inc.

Steinway Musical Instruments, Inc.

Web Site: http://www.steinwaymusical.com

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