Lehman Bros. Initiates Coverage on Mohawk

New York, NY, September 20, 2005— Lehman Brothers analyst Steven A. Fockens initiated coverage of Mohawk Industries with an “equal-weight” rating. The target price was set at $89.

In a research note published yesterday, Fockens wrote that the company’s leadership position in the attractive U.S. flooring industry is impressive and that Mohawk’s sales growth would be above industry-average going forward. The analyst added however, that Mohawk’s returns are being adversely affected by past acquisitions.