Preliminary Vote Supports Election of All Four of Sherborne Investors' Nominees to Nautilus, Inc. Board

Sherborne Investors LP said today that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company’s Board of Directors and all other proposals were passed at today’s special meeting of shareholders of Nautilus, Inc. (NYSE: NLS). The vote will not become official until the inspector of elections certifies the final vote tally, which is expected to occur shortly. "We are extremely gratified by the vote of confidence today extended to our nominees and to the strategic plan we have outlined for Nautilus,” said Gerard Eastman, a Managing Director of Sherborne Investors. "We look forward to working alongside the incumbent Board members and management to improve the Company’s performance and enhance value for all shareholders.” Based on preliminary figures, the following individuals were elected to the Company’s Board of Directors: Edward J. Bramson, Managing Director of Sherborne Investors LP, Executive Chairman of Spirent Communications plc and formerly Chairman of Ampex Corporation and Elementis plc Gerard L. Eastman, Managing Director of Sherborne Investors LP and formerly a Managing Director at Citigroup Global Markets, Inc. Michael A. Stein, formerly Chief Financial Officer of ICOS Corporation, Nordstrom, Inc. and Marriot International, Inc. Richard A. Horn, formerly General Manager of the PetsHotel Division of PETsMART, Inc. They will join three existing members: Robert Falcone, Ronald Badie and Marvin Siegert. Forward-Looking Statements Certain statements contained herein are forward-looking statements, including statements concerning the results of the special meeting of stockholders and Sherborne Investors’ ability to improve the performance of Nautilus, Inc. ("Nautilus”) and enhance value for all shareholders. Factors that could cause Nautilus’ actual results to differ materially from these forward-looking statements include different voting results being determined by the inspector of elections, Sherborne Investors’ ability to effectively implement its turnaround strategy, the availability of media time and fluctuating advertising rates, a decline in consumer spending due to unfavorable economic conditions, Nautilus’ ability to effectively develop, market, and sell future products, Nautilus’ ability to get foreign sourced product through customs in a timely manner, Nautilus’ ability to effectively identify, negotiate and integrate any future strategic acquisitions, Nautilus’ ability to protect its intellectual property, the introduction of lower-priced competing products, unpredictable events and circumstances relating to international operations including Nautilus’ use of foreign manufacturers, government regulatory action, and general economic conditions. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.