WORKINGS CTE WINNERS

January 24, 2005

CTE WINNERS - 2 FROM JWR
Walter Industries announced the Commitment to Excellence Award winners on January 24, 2005 in Tampa and introduced the new Core Value of Safety. Each winner, representing a cross-section of the Company, received 100 shares of WII stock.

High Performance Culture: Phillip Hughes, Jim Walter Resources
For the past seven years Phillip Hughes has

driven a program that has upgraded and standardized electronics and electrical installations at No. 4 Mine. His success in bringing modern technology to all phases of the mining operation has, and continues to have, a positive impact on the reliability and performance at No. 4 Mine. In the past two years, Phillip has broadened his scope to include standardizing electronic upgrades at No. 5 and No. 7 Mines, as well as No. 4 Mine. This work has, and will continue to, result in lower overall Division cost and an increase in overall equipment reliability.
Safety: Ken Russell,
Jim Walter Resources
Under Ken’s safety leadership, No. 4 Mine

reduced lost time accidents by 50%, set the Alabama State Record for the longest run with no lost time accidents (193 days) and successfully facilitated a cooperative working agreement with UMWA Safety Committeemen. This culture change resulted in decreased accidents and citations at No. 4 Mine. Ken uses creative and innovative awards to create a positive atmosphere where safety is top priority.