Bausch & Lomb Updates Status of Financial Reporting

Business Wire, March 1, 2007

ROCHESTER, N.Y. -- Bausch & Lomb (NYSE:BOL) has filed a Form 12b-25 today with the United States Securities and Exchange Commission indicating that it must delay filing its Annual Report on Form 10-K for 2006 (the "2006 10-K") which was otherwise required to be filed on February 28, 2007. The Company's inability to file is principally due to the considerable time and effort that it had to devote to completing the recently completed financial restatement and filing of its 2005 10-K, which has prevented the Company from being able to timely complete its financial close process for 2006. Bausch & Lomb indicated that it currently expects to file the 2006 10-K by April 30, 2007.

The Company currently expects to issue a news release announcing certain preliminary and unaudited 2006 financial results and expectations for 2007 by mid-March.

This news release contains, among other things, certain statements of a forward-looking nature relating to future events or the future business performance of Bausch & Lomb. Such statements involve a number of risks and uncertainties including those concerning the ability of the Company and the parties with which it contracts to develop and introduce products successfully as well as the risk factors listed from time to time in the Company's SEC filings, including but not limited to filings on Form 8-K and on Form 12b-25, each dated November 9, 2006, Form 10-K, dated February 7, 2007 and Form 12b-25 dated March 1, 2007.

Bausch & Lomb is the eye health company, dedicated to perfecting vision and enhancing life for consumers around the world. Its core businesses include soft and rigid gas permeable contact lenses and lens care products, and ophthalmic surgical and pharmaceutical products. The Bausch & Lomb name is one of the best known and most respected healthcare brands in the world. Founded in 1853, the Company is headquartered in Rochester, New York, and employs approximately 13,000 people worldwide. Its products are available in more than 100 countries. More information about the Company can be found on the Bausch & Lomb Web site at www.bausch.com. Copyright Bausch & Lomb Incorporated.