
<PAGE>
                                                       
NEWS RELEASE

FOR IMMEDIATE RELEASE

CLOROX WILL ACQUIRE ARMOR ALL, THE LEADING LINE OF AUTOMOTIVE CLEANING 
PRODUCTS

MOVE EXTENDS CLOROX'S CLEANING EXPERTISE INTO A MAJOR NEW CATEGORY

OAKLAND, Calif. -- (BUSINESS WIRE)--Nov. 26, 1996--The Clorox Company 
(CLX-NY, PSE), a leading consumer products manufacturer, said today that 
it will add the top line of automotive cleaning products to its portfolio 
with the planned acquisition of Armor All Products Corporation (ARMR-NASDAQ).

Clorox and Armor All have entered into an agreement and plan of merger under 
which Clorox will make a tender offer for 100 percent of Armor All's common 
stock at a price of $19.09 per share for a total of approximately $400 
million. Armor All's board of directors has unanimously approved the agreement
and recommended that Armor All's stockholders accept the Clorox offer. 
McKesson Corporation, which owns 55 percent of Armor All's common stock, has 
agreed to tender all of its shares.

The tender offer is expected to commence on Dec. 2, 1996 and to close before 
the end of the year. Armor All's regular quarterly dividend of 16 cents per 
share, declared Nov. 12, 1996, will be paid on Jan. 2, 1997 to stockholders 
of record Dec. 2, 1996.

Clorox plans to fund the acquisition with cash and short-term borrowings.

The acquisition is expected to be modestly dilutive, with Clorox's fiscal 
year 1997 earnings impacted by about 2-3 percent. This is based on 
preliminary estimates, and actual results may vary.

Based in Orange County (Calif.), Armor All reported fiscal 1996 revenues of 
$186 million. Some 73 percent of sales, or about $136 million, was in U.S. 
automotive cleaners. The balance was in international Armor All sales and in 
a line of domestic do-it-yourself home care products.

Armor All leads the $710 million automotive cleaning products market with a 
30 percent share, and has about a 60 percent share of the $170 million 
protectant segment.

"This acquisition is right on target with our strategy of finding strong 
equities in new categories close in to what we do and where we can add 
value," said Clorox chairman and CEO Craig Sullivan.

"Armor All is a great brand equity with leading positions in the market and 
extraordinarily high consumer awareness and satisfaction ratings," Sullivan 
continued. "This acquisition is a logical extension of our home cleaning 
expertise into a market where we will have a leading position. It fits 
virtually all of our criteria for acquisitions into new categories."

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Sullivan noted that the key benefits consumers want in their cleaning 
products, whether in the home or in the garage, are identical. They want 
surfaces to be clean and new looking with minimal effort. They want to 
protect their investments, and they take satisfaction in making their 
possessions look new again.

Clorox plans to achieve significant synergies with its other core businesses 
in marketing and manufacturing, and in R&D, "where our goal is to lead the 
category in product quality and performance," Sullivan stated. He added that 
the automotive cleaner market is a favorable environment for Clorox's 
marketing strengths and that "Armor All" is a strong advertisable brand name.

Since about half of Armor All volume is sold to customers with whom Clorox 
already does business, there is a significant opportunity to improve delivery 
efficiency for these customers. Many customers will be able to pool orders 
with other Clorox products for greater savings. "We also look forward to 
developing a positive growth relationship with new customers in the retail 
automotive channel," Sullivan added.

Internationally, Armor All will add mass to Clorox businesses in Canada, 
Mexico, Puerto Rico and Japan, all places where Clorox already has operations.

Dollar sales for the $710 million automotive cleaning products market were up 
approximately 5.3 percent for the 12 months ended August 1996. In the 
protectant segment, which Armor All created 25 years ago and continues to 
lead, dollar sales were up approximately 5.6 percent. Armor All products also 
lead the wash, tire cleaner and wheel cleaner segments.

Clorox believes several factors may drive growth faster in automotive 
cleaning than in home cleaning. Among them, vehicle ownership is up 20 
percent over the past 10 years and exceeds the population's growth rate. 
Consumers are keeping their cars longer, and older cars are more likely to be 
washed and polished at home. And because new car prices are increasing 
faster than salaries, consumers are more attentive to protecting their 
investment.

In addition to its line of home cleaning products, The Clorox Company 
manufactures and markets bleaches, cat litters and insecticides, charcoal 
briquettes, salad dressings and sauces. The company had net earnings of $222 
million on sales of $2.2 billion for the year ended June 30.

This announcement contains forward looking statements relating to the 
integration of the Armor All business into Clorox's business. The Private 
Securities Litigation Reform Act of 1995 provides a safe harbor for such 
statements provided the Company makes note of risk factors associated with 
them. Therefore the Company points out that acquisitions involved a number of 
risks which can cause actual results to be materially different from 
unexpected results. There can be no assurance that Clorox will be able to 
successfully integrate and then manage Armor All without unanticipated costs, 
delays or problems.

       CONTACT:   The Clorox Company
                  Fred Reicker, 510/271-7291 (Media) 510/351-7548 (home)
                  Karen Rose, 510/271-7385 (Investors)
                  Ughetta Ugolini, 510/271-2270 (Investors)
                      or
                  McKesson
                  Janet Bley, 415/983-9357



