Brunswick Dividend Reinvestment Plan A No-Cost Service for Shareholders

Brunswick Corporation 1 N. Field Court Lake Forest, IL 60045 www.brunswick.com

Brunswick Dividend Reinvestment Plan—What Is It? The Brunswick Dividend Reinvestment Plan (DRP) allows you, as a holder of Brunswick Common Stock registered in your name, to have your dividends automatically reinvested in additional shares of Common Stock of Brunswick Corporation. In addition, you can make voluntary cash investments of a minimum of $10 to a maximum of $2,000 per month.

What Are the Benefits? Full Investment of Funds Your funds are invested in whole and fractional shares, on which additional dividends are paid and invested for you. Flexibility You have the option of investing additional cash monthly. No Brokerage Costs Brunswick Corporation will pay all brokerage costs for the purchase of Brunswick Common Stock. Convenience Shares purchased for you are held in safekeeping by the Agent, unless you request to have a certificate issued to you. You may also deposit your stock certificates into your account for safekeeping. A holder of record may join the Plan at any time by completing and returning the enclosed enrollment form. You may terminate your participation in the Plan at any time by notifying Brunswick Shareholder Services in writing. Please read the Terms and Conditions of Authorization for the Brunswick Dividend Reinvestment Plan contained in this brochure.

How Does the Plan Work? Brunswick Corporation maintains the records for the Plan. As dividends are paid, Brunswick forwards them to the Agent for the participants. The Agent will invest the dividends paid on stock held in your name and on stock you have acquired under the Plan in additional shares of Brunswick Common Stock, which the Agent will purchase in the open market or in negotiated transactions from persons other than the Company or its affiliates. In addition, you can make voluntary cash investments of a minimum of $10 to a maximum of $2,000 per month. These funds will be invested periodically as described in Section 2 of the Plan (see the terms and conditions section of this brochure). Since no interest is paid on these funds, we urge you to transmit the voluntary cash investments so as to reach Brunswick on or shortly before the 10th day of the month. You may also deposit your stock certificates into your account for safekeeping. All funds are invested in full and fractional shares, computed to three decimal places. Dividends are also paid on fractional shares. The stock price for each purchase will be the average price of all shares purchased at that time. The Agent will register the shares purchased in its name, and Brunswick will allocate the shares among all participants in the Plan. After each purchase, Brunswick will send you a statement showing your exact holdings in the Plan. It will include a tear-off portion to use if you wish to make an additional cash investment. All brokerage fees for purchasing shares through this Plan, including shares purchased with cash investments, will be paid by Brunswick Corporation.

How Can I Participate? A holder of record may join the Plan at any time by completing and returning the attached enrollment form.

Can I Discontinue Participation in the Plan? Yes, participation is entirely voluntary. If at any time you wish to discontinue participation in the Plan, simply notify Brunswick in writing. Upon termination, Brunswick will send you a certificate representing the full shares you own under the Plan, plus a check for the fractional shares. Or if you wish, the Agent will sell all or a part of your shares and Brunswick will deliver the proceeds of the sale to you, less brokerage fees. Questions regarding this Plan should be directed to Brunswick Corporation Shareholder Services at the address shown below, or you may call 800-546-9420. Brunswick Corporation Shareholder Services 1 N. Field Court Lake Forest, IL 60045

Terms and Conditions of Authorization for Brunswick Corporation Dividend Reinvestment Plan (The “Plan”) 1. As agent for the participant, Wachovia Securities (“the Agent”) with present offices at 945 E. Paces Ferry Rd., Atlanta, GA 30326, will apply (i) all dividends on shares of Common Stock of Brunswick Corporation (“Brunswick”) registered in the name of the participant, (ii) all voluntary additional cash investments from $10 up to a maximum of $2,000 in any month (“Optional Cash Investments”), and (iii) dividends on any full or fractional shares acquired under the Plan, to the purchase of additional shares of Common Stock of Brunswick for the participant’s account. Such purchases may be made on any securities exchange where such shares are traded, in the over-the-counter market or in negotiated transactions, and may be on such terms as to price, delivery and otherwise as the Agent may determine. 2. In making purchases for the participant’s account, the Agent may commingle the participant’s funds with those of other participants. In the case of each purchase, the price at which the Agent shall be deemed to have acquired shares for the participant’s account shall be the average price of all shares purchased by it, as Agent for participants in the Plan, with their aggregate funds used for such purchase. The Agent may hold the shares of all participants together in its name or in the name of its nominee. The Agent shall have no responsibility as to the value of the Brunswick Common Stock acquired for the participant’s account. Optional Cash Investments received by Brunswick on or before the 10th day of each month will be sent to the Agent on the 15th day of each month. Brunswick will also send to the Agent on each dividend payment date dividends on participants’ shares of Common Stock. Dividends and Optional Cash Investments will be invested by the Agent promptly

and in no event later than 30 days after receipt, except that no such investment will be made where deferment is necessary to comply with applicable provisions of federal securities laws. It is understood that, in any event, the Agent shall have no liability in connection with any inability to purchase shares or the timing of any purchases. Participant’s funds held by the Agent or Brunswick will not bear interest. A participant may withdraw the participant’s entire Optional Cash Investment by written notice received by Brunswick not less than 48 hours before such amount is to be invested. 3. Following each purchase, Brunswick will send to each participant whose funds have been applied to such purchase a statement of all transactions in the participant’s account since the last purchase. 4. No certificates will be issued to a participant for shares in the participant’s account unless the participant so requests in writing, or until the participant’s account is terminated. A participant may file a blanket request that certificates be issued for full shares as they are credited to the participant’s account. Such requests shall be handled by Brunswick without charge to the participant. No certificate for a fractional share will be issued, but dividends on a fractional interest in a share will be credited to the participant’s account. 5. It is understood that the reinvestment of dividends does not relieve the participant of any income tax which may be payable on such dividends. Brunswick will report annually to each participant the amount of dividends credited to the participant’s account. 6. The Agent will vote all shares held in the participant’s account in the same way in which participant votes the underlying shares of Brunswick Common Stock standing in the participant’s name by the regular proxy returned by the participant to Brunswick. In the

event participant does not direct the voting of the participant’s shares by such regular proxy the shares credited to the participant’s account will not be voted. 7. A participant may terminate the participant’s account at any time by writing to Brunswick. Any such notice received after a dividend record date shall not be effective until dividends paid for such record date have been invested and the additional shares credited to the participant’s account. Brunswick may terminate the account at any time by notice in writing mailed to the participant. A participant, in a request for termination, may elect to receive either cash or stock for all the full shares in the participant’s account. If the participant elects cash, the Agent will sell such shares at the then current market value and Brunswick will send the net proceeds to the participant after deducting all costs of sale. If no election is made in the request for termination, stock will be issued for all full shares. In either case, the participant will receive cash at the then current market value in lieu of any fractional interest in a share. 8. It is understood that any stock dividends or stock splits distributed by Brunswick on shares held by the Agent for the participant will be credited to the participant’s account. In the event that Brunswick makes available to its shareholders the right to purchase additional shares or other securities, the Agent will sell such rights accruing to shares held by the Agent for the participant and will apply the resultant funds to the purchase of additional shares of Brunswick Common Stock for the participant’s account prior to or in conjunction with the application of the next regular dividend or Optional Cash Investment (whichever occurs first) to the purchase of Brunswick Common Stock. The price at which the Agent shall be deemed to have sold such rights for the participant’s account shall be the average price, net of all costs of sale, of all such rights sold by it as Agent for participants in the Plan. If a participant desires to

exercise such rights, the participant should request that certificates be issued for full shares in the name of such participant as provided in Item 4 above, so that such rights accruing to those certificates will flow directly to such participant. 9. The Agent, its nominee and Brunswick shall have no responsibility beyond the exercise of ordinary care for any action taken or omitted pursuant to the Plan nor shall they have any duties, responsibilities or liabilities except such as are expressly set forth herein. 10. The Agent and Brunswick shall not be liable hereunder for any act done in good faith, or for any good faith omission to act, including, without limitation, any claims of liability (i) arising out of failure to terminate the participant’s account upon such participants’ death prior to receipt of notice in writing of such death and (ii) with respect to the prices at which shares are purchased or sold for the participant’s account and the times such purchases or sales are made. 11. The Agent or Brunswick may amend, modify, suspend or terminate the Plan, upon mailing notice to each participant, but such action shall have no retroactive effect that would prejudice the interests of the participants. 12. The terms and conditions of the Plan and the authorization card shall be governed by the laws of the State of Georgia.