Cooper Industries to Announce Second-Quarter 2002 Earnings, Will Hold Briefing July 23, 2002.

Business Editors

Cooper Industries, Ltd. (NYSE:CBE) today announced that it will report its second-quarter 2002 financial performance on July 23, prior to the opening of trading on the New York Stock Exchange. Copies of the Company's press release will be available on the Company's Internet site, www.cooperindustries.com.

Cooper also will hold a conference call at 12:00 p.m. (Eastern) on July 23 to provide shareholders and other interested parties an overview of the Company's second quarter 2002 performance. Those interested in hearing the conference call may listen via telephone by dialing 212/896-6106, or over the Internet through the Investor Center section of the Company's Internet site. No confirmation code or pass code will be needed for the live briefing by telephone. Cooper suggests that listeners using the Internet option should access the Company's Internet site well in advance of the webcast to download and install any necessary audio software.

A replay briefing will be available by telephone until 5:00 p.m. EST  on July 29, 2002, and over the Internet through August 5, 2002. The telephone number to access the replay is 800/633-8284 and the access code number is 20730476.

Cooper Industries, Ltd., with 2001 revenues of $4.2 billion, is a global manufacturer of electrical products and tools and hardware. Incorporated in Bermuda, with administrative headquarters in Houston, Texas, Cooper has more than 30,000 employees serving more than 100 locations around the world and sells products to customers in more than 50 countries. For more information, visit www.cooperindustries.com.