Purpose

To encourage retention of key managers so as to support the execution of business strategies and achieve future goals.

Restricted
Stock Unit
Grant

Restricted Stock Units valued on the same basis as Brunswick Corporation common stock where one unit equals one share.  Dividend equivalents will be reinvested in additional restricted stock units.  There are no voting rights attached to restricted stock units.

Grant Date

January 31, 2005

Vesting

Restricted stock units will vest three years from date of grant, subject to continued employment or on a Change in Control (as defined in the Plan).

Termination of
Employment

Forfeiture of restricted stock units in the event employment terminates prior to vesting, except:

•    Prorata vesting if age and years of service equals 65 or more.

•    Full vesting in the event of death or permanent and total disability (as defined below).

Timing of
Distribution

Distributions will occur as soon as practical after the vesting date.

Tax
Withholding

Tax withholding liability (to meet required FICA, federal, state, and local withholding) must be paid in cash or via share reduction upon distribution.

Form of
Distribution

Shares will be deposited to your existing Dividend Reinvestment Plan account or, if one is not currently on record, deposited into a newly created account.  Stock certificates will be issued on request.

Additional
Terms and
Conditions

Grants are subject to the terms of the Plan.  To the extent any provision herein conflicts with the Plan, the Plan shall govern.  The Human Resources and Compensation Committee of the Board administers the Plan.  The Committee may interpret the Plan and adopt, amend and rescind administrative guidelines and other rules as deemed appropriate.  Committee determinations are binding.

Permanent disability means the inability, by reason of a medically determinable physical or mental impairment, to engage in any substantial gainful activity, which condition, in the opinion of a physician selected by the Committee, is expected to have a duration of not less than 120 days.

The Plan may be amended, suspended or terminated at any time.  The Plan will be governed by the laws of the State of Illinois, without regard to the conflict of law provisions of any jurisdiction.