Steinway Schedules Fourth Quarter 2011 Earnings Release and Conference Call for March 5th

WALTHAM, Mass., Feb. 21, 2012 /PRNewswire/ — Steinway Musical Instruments, Inc.

(NYSE: LVB), one of the world’s leading manufacturers of musical instruments,
today announced that it plans to issue an advisory release after the stock
market closes on Monday, March 5, 2012, notifying the public that its earnings
release for the quarter and year ended December 31, 2011 has been posted to the
Company’s website, www.steinwaymusical.com. Interested parties will be able to
download a copy of the fourth quarter earnings release on the Company’s home
page under “Latest News” or directly from www.steinwaymusical.com/news.php.

In conjunction with this release, Michael Sweeney, Steinway’s Chief Executive
Officer, and Dennis Hanson, Chief Financial Officer, will host a conference call
on Monday, March 5, 2012 at 5:00 p.m. ET to discuss operating performance,
general business trends and the Company’s outlook for 2012. 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
divisions, is a global leader in the design, manufacture, marketing and
distribution of high quality musical instruments. These 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.