X0202 4 2004-04-27 0 0000837173 WALTER INDUSTRIES INC /NEW/ WLT 0001081715 ROBERTS GEORGE R C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001192062 RAETHER PAUL E C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001182415 MICHELSON MICHAEL W C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001206780 GILHULY EDWARD A C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001205970 GREENE JAMES H JR C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001081714 KRAVIS HENRY R C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001081716 STUART SCOTT M C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0000901651 KKR ASSOCIATES C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 0 0 1 0 0001206581 GOLKIN PERRY C/O KOHLBERG KRAVIS ROBERTS & CO. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 1 0 1 0 Common Stock, par value $.01 per share 2004-04-27 4 J 0 1940113 12.5 D 5467243 I See Notes Common Stock, par value $.01 per share 2004-04-27 4 J 0 12856 12.5 D 36227 I See Notes Common Stock, par value $.01 per share 2004-04-27 4 J 0 47031 12.5 D 132535 I See Notes Common Stock, par value $.01 per share 4361800 I See Notes Sale to the Issuer pursuant to the Stock Repurchase Agreement, dated April 22, 2004. These shares are directly owned by JWC Associates, L.P. ("JWC"). KKR Associates, L.P. ("KKR Associates") is the sole general partner of JWC. Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly are the general partners of KKR Associates. Therefore, each of KKR Associates, Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly may be deemed to beneficially own the Common Stock owned by JWC. These shares are directly owned by JWC Associates II, L.P. ("JWC II"). KKR Associates is the sole general partner of JWC II. Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly are the general partners of KKR Associates. Therefore, each of KKR Associates, Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly may be deemed to beneficially own the Common Stock owned by JWC II. These shares are directly owned by KKR Partners II, L.P. ("KKR Partners"). KKR Associates is the sole general partner of KKR Partners. Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly are the general partners of KKR Associates. Therefore, each of KKR Associates, Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly may be deemed to beneficially own the Common Stock owned by KKR Partners. These shares are directly owned by Channel One Associates, L.P. ("Channel One"). KKR Associates is the sole general partner of Channel One. Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly are the general partners of KKR Associates. Therefore, each of KKR Associates, Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly may be deemed to beneficially own the Common Stock owned by Channel One. Pursuant to Rule 16a-1(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons states that the reporting of beneficial ownership herein shall not be deemed an admission that he or it is the beneficial owner of any of the securities covered by this Statement. Each of KKR Associates, Henry R. Kravis, George R. Roberts, Michael W. Michelson, Paul E. Raether, James H. Greene, Jr., Perry Golkin, Scott M. Stewart and Edward A. Gilhuly disclaims beneficial ownership of the Common Stock directly owned by JWC, JWC II, KKR Partners and Channel One, except to the extent of his or its pecuniary interest. One of the Reporting Persons, Perry Golkin, is also a director of the Issuer. Exhibits 24.1-24.9 Powers of Attorney /s/ Richard J. Kreider, Attorney-in-Fact for KKR Associates, L.P. 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Henry R. Kravis 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for George R. Roberts 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Paul E. Raether 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Michael W. Michelson 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Edward A. Gilhuly 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Perry Golkin 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Fact for Scott M. Stuart 2004-04-29 /s/ Richard J. Kreider, Attorney-in-Factfor James H. Greene, Jr. 2004-04-29