Business Services Industry

Castle Brands Closes Private Placement and Receives Cash Infusion of $15 Million

Business Wire, Oct 21, 2008

Investors and security holders will be able to obtain free copies of the proxy statement and other documents filed with the SEC by the Company through the web site maintained by the SEC at www.sec.gov. Free copies of the proxy statement, when it becomes available, also may be obtained from the Company by directing a request to Castle Brands Inc., 570 Lexington Avenue, 29th Floor, New York, NY 10022, Attn: Investor Relations, or ir@castlebranndsinc.com. Investors and security holders may access copies of the documents filed with the SEC by the Company on its web site at www.castlebrandsinc.com.

The Company, its executive officers and directors may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the stockholder proposal. Information regarding the Company's directors and executive officers is available in its Amendment No. 1 to the Annual Report on Form 10-K filed with the SEC on July 29, 2008 and the Form 8-K filed by the Company with the SEC on October 14, 2008.

ROX-G

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