April 23, 2008

Eaton Quarterly Dividend Payable May 23, 2008

CLEVELAND … The Board of Directors of diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today declared a quarterly dividend of $.50 per common share payable on May 23, 2008, to shareholders of record at the close of business on May 5, 2008.

In January of this year, Eaton announced a quarterly dividend increase of 16 percent from $.43 to $.50 per share. Eaton has paid dividends on common shares every year since 1923.

Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries. For more information, visit

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Kelly Jasko
(216) 523-5304