Steinway Reports Fourth Quarter 2010 Results

WALTHAM, Mass., March 3, 2011 /PRNewswire/ — Steinway Musical Instruments, Inc.
(NYSE: LVB), one of the world’s leading manufacturers of musical instruments,
today reported its financial results for the quarter and year ended December 31,
2010. A complete financial results earnings release has been posted to the
Company’s website, www.steinwaymusical.com. Interested parties may download a
copy from the Company’s home page under “Latest News” or directly from
www.steinwaymusical.com/news.php.

In conjunction with this release, Company management will host a conference call
today at 5:00 p.m. ET to discuss operating performance, general business trends
and the Company’s outlook for 2011. A live audio webcast of the conference call
will be accessible through the Investor Relations section of the Company’s
website. A replay will be available approximately two hours after the call and
may be accessed under Investor Relations, Audio Archive.

Steinway Musical Instruments, Inc., through its Steinway and Conn-Selmer
subsidiaries, 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 Theriault
Steinway Musical Instruments, Inc.
Phone: 781-894-9770
Email: ir@steinwaymusical.com

SOURCE Steinway Musical Instruments, Inc.