Eaton Quarterly Dividend Payable August 22, 2008

CLEVELAND--(Business Wire)--
The Board of Directors of diversified industrial manufacturer
Eaton Corporation (NYSE:ETN) today declared a quarterly dividend of
$.50 per common share payable on August 22, 2008, to shareholders of
record at the close of business on August 4, 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 power management company with
2007 sales of $13 billion. Eaton is a global technology leader in
electrical systems for power quality, distribution and control;
hydraulics components, systems and services for industrial and mobile
equipment; aerospace fuel, hydraulics and pneumatic systems for
commercial and military use; and truck and automotive drivetrain and
powertrain systems for performance, fuel economy and safety. Eaton has
81,000 employees and sells products to customers in more than 150
countries. For more information, visit www.eaton.com.

Eaton Corporation
Kelly Jasko, 216-523-5304
Corporate Communications
kellymjasko@eaton.com

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