THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Leggett & Platt, Incorporated (LEG)

3/31/2006 Proxy Information

The Compensation Committee reviews and approves transactions involving the Company and its directors and executive officers.

We buy shares of our common stock from our employees from time to time, and in 2005 we purchased shares from two of our officers and directors. All employees, including the officer and director listed below, are charged a $25.00 administrative fee for each transaction. Stock is purchased at the closing market price at the time of purchase. Details of the purchases are set out below. (See page 31 for table).

Under the terms of the CompanyÕs previous employment agreement with Mr. Cornell, he is entitled to certain post-retirement benefits, including life insurance coverage and certain health benefits. Although the Company no longer maintains a life insurance policy on Mr. Cornell, it paid him a tax gross-up of $2,221 in 2005 related to 2004 life insurance premiums then in effect. The Company paid $15,158 in 2005 for Mr. CornellÕs Medicare, supplemental insurance and prescription drug expenses. Amounts for these benefits in 2006 are expected to be comparable. Upon his retirement, Mr. Cornell also became entitled to supplemental pension payments equal to 65% of the average of his highest consecutive five-year earnings, less an offset for social security benefits, for the longer of 15 years or life. These payments totaled $758,016 in 2005. As approved by the Compensation Committee, Mr. Cornell also uses office space and secretarial services provided by the Company. He reimburses the Company for the actual costs of these benefits. In 2005, he reimbursed the Company $80,418 for secretarial services (salary and benefits) and $10,104 for office space at a rate equal to that of a lease for comparable facilities in the area.

On August 5, 2005, Mr. Cornell, his spouse, and the Company sold jointly owned residential property and furnishings located in Keystone, Colorado, to Williams Marketing Services, Inc., a company controlled by Mr. CornellÕs stepson, Mark Williams. Mr. Cornell and his spouse owned 64.1% of the real property and 48.9% of the furnishings, and the Company owned 35.9% of the real property and 51.1% of the furnishings. The real property was valued at $1,250,000, which was the middle of three appraisals conducted by independent third party licensed appraisers. The furnishings were valued at $40,000. The Company received $448,750 for its real property interest and $20,440 for its interest in the furnishings, less customary closing fees. The Company also sold certain artwork that had been kept at the property to Mr. Cornell for $28,825 and to Williams Marketing Services, Inc. for $40,500. Mr. Wright, representing the Company, and Mr. Cornell negotiated the value of the furnishings and artwork. The Compensation Committee reviewed and approved these transactions in advance.

Mr. Wright and the Company are parties to an agreement whereby Mr. Wright leases to the Company for business entertainment purposes certain real estate located in Durango, Colorado for $40,000 per year. The lease has a 3-year term that expires December 31, 2006 and was approved by the Compensation Committee. The Compensation Committee believes the terms of the lease are at or below the market rate for similar properties in that area.

The Company employs certain relatives of its directors and executive officers, as set forth below. In addition to salary and bonus amounts, each of the following employees also received benefits generally available to salaried executives, including participation in equity benefit plans. (See page 31 for table).

3/23/2005 Proxy Information

Mr. Glauber served as Senior Vice President of Finance and Administration of Leggett & Platt, Inc. from 1990 to April 2003.

The Company purchased shares of common stock from several of its executive officers and directors in 2004. We buy shares from our employees from time to time. All employees, including the officers listed below, are charged a $25.00 fee for each transaction. Stock is purchased at the closing market price at the time of purchase. Details of the purchases are set out below. (See page 30 of proxy for purchases table)

The CompanyÕs employment agreement with Mr. Cornell provided for a two-year consulting term following his termination of employment in May 2002. The agreement, which ended in May 2004, provided for annualized consulting payments equal to 75% of his 1998 compensation for the second year. Accordingly, he earned $412,200 for consulting through May 2004. During his consulting term, Mr. Cornell also was entitled to the use of an automobile (valued at $1,343 in 2004) and limited use of the Company airplane ($1,877 in 2004). At the end of his consulting term, the Company gave him his Company car, valued at $16,780. Mr. Cornell also continued to use office space and secretarial services provided by the Company after the end of his consulting term. He reimbursed the Company for the actual costs of the secretarial services ($46,910Ñsalary and benefits) and for office space at a rate equal to that of a lease for comparable facilities in the area ($5,894).

Upon his retirement, Mr. Cornell became entitled to supplemental pension payments equal to 65% of the average of his highest consecutive five-year earnings, less an offset for social security benefits, for the longer of 15 years or life. These payments totaled $759,384 in 2004. His employment agreement also provides for certain post-retirement benefits, including life insurance coverage ($24,222 for 2004) and lifetime medicare supplemental insurance ($12,536 for 2004).

The Company also maintained a $250,000 whole life policy on Mr. Cornell pursuant to his employment agreement. In 2004, the Company offered to exchange the policy for a cash payment equal to the present value of the policy plus a tax gross-up. Mr. Cornell agreed to the exchange and received a cash payment of $173,601. The Company estimates the exchange resulted in a savings of $77,000 to the Company.

Mr. Wright and the Company are parties to an agreement whereby Mr. Wright leases to the Company for business purposes certain real estate located in Durango, Colorado for $40,000 per year. The lease has a 3-year term beginning January 1, 2004, and was approved by the Compensation Committee. The Compensation Committee believes the terms of the lease are at or below the market rate for similar properties in that area.

Mr. CornellÕs son-in-law, Lance Beshore, is employed by the Company as Vice President-Public Affairs & Government Relations. Mr. Beshore was paid an aggregate salary and bonus of $239,773 in 2004. Mr. WrightÕs son-in-law, Tom Wells, Jr., is employed by the Company as Group Vice President of Marketing. He was paid an aggregate salary and bonus of $99,373 in 2004. Mr. WrightÕs son, Felix E. Wright II, is employed as Group Vice President of Sales. He was paid an aggregate salary and bonus of $89,476 in 2004. In addition to salary and bonus amounts, each of the foregoing employees also received benefits generally available to salaried executives.

3/24/2004 Proxy Information

The Company purchased shares of common stock from several of its executive officers and directors. We buy shares from our employees from time to time. All employees, including the officers listed below, are charged a $25.00 fee for each transaction. These purchases were made at prevailing market prices at the time of purchase. Details of the purchases are set out below. (See proxy for purchases table).

The CompanyÕs employment agreement with Mr. Cornell provided for a two-year consulting term following his termination of employment. Upon his retirement in May 2002, he became a consultant to the Company. The agreement provides for consulting payments equal to 100% of his 1998 compensation for the first year and 75% for the second year. Accordingly, he earned $1,126,680 for consulting in 2003. During his consulting term, Mr. Cornell also is entitled to the use of an automobile (valued at $3,494 in 2003) and limited use of the Company airplane ($4,859 in 2003). Upon his retirement, he also became entitled to supplemental pension payments equal to 65% of the average of his highest consecutive five-year earnings, less an offset for social security benefits. These payments totaled $760,554 in 2003. His employment agreement also provides for certain post-retirement benefits, including life insurance coverage ($31,391 premiums for 2003) and medical insurance coverage ($3,900 for 2003).

Mr. CornellÕs son-in-law, Lance Beshore, is employed by the Company as Vice President-Public Affairs & Government Relations. Mr. Beshore was paid an aggregate salary and bonus of $218,956 in 2003.

The Company had two other transactions with Mr. Cornell. He leases to the Company, on a month-to-month basis, certain real estate located in Keystone, Colorado. In 2003, the lease was for $1,925 per month. In July 2001, the Company loaned him $295,000. The loan had a two-year term and an interest rate of 6% per year. On July 27, 2003, he paid the loan balance of $330,400 in full.

Mr. Wright and the Company are parties to an agreement whereby Mr. Wright leases to the Company certain real estate located in Durango, Colorado for $40,000 per year. The lease has a 3-year term beginning January 1, 2004, and was approved by the Compensation Committee. The Compensation Committee believes the terms of the lease are at or below the market rate for similar properties in that area.

Mr. WrightÕs son-in-law, Tom Wells, Jr., is employed by the Company as Group Vice President of Marketing. He was paid an aggregate salary and bonus of $95,997 in 2003. Mr. WrightÕs son, Felix E. Wright II, is employed as Group Vice President of Sales. He was paid an aggregate salary and bonus of $97,791 in 2003.

Locke Liddell & Sapp LLP performed legal services for the Company in 2003 in the amount of $660. Mr. Purnell is Of Counsel to Locke Liddell & Sapp LLP.

3/19/2003 Proxy Information

Mr. Glauber served as Senior Vice President of Finance and Administration of Leggett & Platt, Inc. from 1990 to April 2003.

Locke Liddell & Sapp LLP performed legal services for the Company in 2002, and it is anticipated that they will perform legal services for the Company in 2003. Mr. Purnell is Of Counsel to Locke Liddell & Sapp LLP.

The CompanyÕs employment agreement with Mr. Cornell provided for a two-year consulting term following his termination of employment. Upon his retirement in May 2002, Mr. Cornell became a consultant to the Company. The agreement provides for consulting payments equal to 100% of his 1998 compensation for the first year ($1,319,041) and 75% for the second year. Accordingly, he earned $769,439 for consulting in 2002. During his consulting term, Mr. Cornell also is entitled to the use of an automobile (valued at $4,024 in 2002). Upon his retirement, Mr. Cornell also became entitled to supplemental pension payments equal to 65% of the average of his highest consecutive five-year earnings, less an offset for social security benefits. These payments totaled $444,129 in 2002. Mr. CornellÕs employment agreement also provides for certain post-retirement benefits, including life insurance coverage ($37,956 premiums for 2002) and medical insurance coverage ($3,627 for 2002).

Mr. CornellÕs employment agreement provided that his life insurance coverage after termination of employment would at least equal the coverage provided before termination. Prior to his retirement, part of his coverage consisted of $293,332 of life insurance under two policies. The Company offered to exchange these policies for a cash payment equal to the present value of the policies. Mr. Cornell agreed to the exchange and received a cash payment of $148,110, less tax withholding. The Company estimates the exchange resulted in a savings of $48,000 for the Company.

Mr. CornellÕs son-in-law, Lance Beshore, is employed by the Company as Vice President-Public Affairs & Government Relations. Mr. Beshore was paid an aggregate salary and bonus of $210,390 in 2002.

The Company had two other transactions with Mr. Cornell. He leases to the Company, on a month-to-month basis, certain real estate located in Keystone, Colorado. In 2002, the lease was for $1,925 per month. In July 2001, the Company loaned Mr. Cornell $295,000. The loan has a two-year term and an interest rate of 6% per year. On December 31, 2002, this loan had an outstanding balance of $320,313.

Mr. WrightÕs son-in-law, Tom Wells, Jr., is employed by the Company as Group Vice President of Marketing. He was paid an aggregate salary and bonus of $92,221 in 2002. Mr. WrightÕs son, Felix E. Wright II, is employed as Group Vice President of Sales. He was paid an aggregate salary and bonus of $82, 927 in 2002.