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May 20, 2008

Eaton Completes $750 Million Public Debt Offering

CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced the completion of a senior notes offering consisting of $300 million of 4.90 percent notes due 2013 and $450 million of 5.60 percent notes due 2018. Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated were joint book-running managers for the offering. The notes offering was made pursuant to the company's effective shelf registration statement.

Eaton Named General Motors 2007 Supplier Of The Year

SOUTHFIELD, Mich. … Diversified industrial manufacturer Eaton Corporation was recognized by General Motors as a 2007 Supplier of the Year for significant contributions to GM’s global product and performance achievements. The 16th annual award – themed the “Best of the Best” – was presented to Eaton executives at a ceremony on April 26 in Jacksonville, Fla.

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