Initial Public Offering of dj Orthopedics Inc. Declared Effective

VISTA, Calif.--(BW HealthWire)--Nov. 15, 2001--dj Orthopedics Inc. (NYSE: DJO) announced today that its initial public offering of 9,000,000 shares of common stock was priced at $17.00 per share.

Of the shares offered, 7,800,000 are being sold by the Company and 1,200,000 are being sold by certain institutional stockholders of the Company. Pursuant to a reorganization being effected in connection with the offering, the Company will become the parent company of DonJoy, L.L.C. and its wholly-owned operating subsidiary, dj Orthopedics, LLC. As part of the reorganization, DonJoy, L.L.C. will be merged with and into the Company.

The net proceeds to the Company of the offering will be used to repay outstanding borrowings under its bank revolving credit facility, to pay the cash portion of the consideration received by the holders of the redeemable preferred units of DonJoy, L.L.C. in the reorganization and to redeem at least $25,000,000 principal amount of dj Orthopedics, LLC's senior subordinated notes. Remaining proceeds will be used for general corporate purposes.

The offering was lead-managed by Goldman, Sachs & Co. and J.P. Morgan Securities Inc., and co-managed by UBS Warburg LLC, U.S. Bancorp Piper Jaffray Inc. and First Union Securities Inc. The selling stockholders have granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock for the sole purpose of covering over-allotments, if any.


The public offering is being made by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. A copy of the final prospectus relating to these securities may be obtained by writing to, or telephoning:

Goldman, Sachs & Co.
85 Broad Street
New York, N.Y. 10004
(212) 902-1000
dj Orthopedics is a global orthopedic sports medicine company specializing in the design, manufacture and marketing of surgical and non-surgical products and services that repair, regenerate and rehabilitate soft tissue and bone, help protect against injury and treat osteoarthritis of the knee. Its broad range of over 600 existing products, many of which are based on
proprietary technologies, includes rigid knee braces, soft goods, specialty and other complementary orthopedic products and its recently introduced line of surgical products. These products provide solutions for patients and orthopedic sports medicine professionals throughout the patient's continuum of care.

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310/691-7100
www.lhai.com

dj Orthopedics, Inc.
Les Cross or Cy Talbot, 760/734-3559

Lippert/Heilshorn & Associates, Inc.
Bruce Voss or Jody Cain (Investor Relations), 310/691-7100 bvoss[at]lhai[dot]com or jcain[at]lhai[dot]com