Steinway Reports Third Quarter 2010 Results

WALTHAM, Mass., Nov. 4, 2010 /PRNewswire-FirstCall/ — 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
nine months ended September 30, 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 the remainder of 2010. 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 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.