Cooper Power Systems and Cargill Industrial Oils Expand Alliance.

HOUSTON & MINNEAPOLIS -- Please replace the release dated Feb. 24, 2005 with the following corrected version due to revisions and updates.

The corrected release reads:

COOPER POWER SYSTEMS AND CARGILL INDUSTRIAL OILS EXPAND ALLIANCE

Cooper Power Systems, Inc (CPS) and Cargill Industrial Oils and Lubricants today announced that their alliance to market, produce and distribute Envirotemp(R) FR3(TM) fluid will now be extended to the European Union, South America, Central America and the Caribbean, Australia, New Zealand and Korea.

The alliance between CPS and Cargill was created to cost-efficiently produce and distribute Envirotemp(R) FR3(TM) fluid, a revolutionary insulating product that is safe for the environment and the public. Envirotemp(R) FR3(TM) fluid recently received the U.S. Environmental Protection Agency's Environmental Technologies Verification, which confirmed its environmental attributes. Envirotemp(R) FR3(TM) fluid also enhances the performance and life of a utility's transformer assets.

Cooper Power Systems, a leading manufacturer of electrical distribution equipment, developed the Envirotemp(R) FR3(TM) fluid in 1997. Utilities around the world are recognizing the advantages offered by this revolutionary fluid over traditional dielectric fluids (non-conductive fluids used to insulate and cool electrical distribution products such as transformers), including added performance and environmental characteristics. Envirotemp(R) FR3(TM) fluid uses as its base food-grade vegetable oil, which is proven to be non-toxic according to guidelines developed by the Organization for Economic Cooperation and Development (OECD), a worldwide standard setting body. In addition, Envirotemp FR3 fluid is biodegradable based on testing done by the United States Environmental Protection Agency (USEPA). Cargill is one of the world's leading producers of food-grade vegetable oils and its world-wide network of processing facilities allows for the product to be available in ample supply and closer to the customer, utilizing in-country oilseed-based resources.

Envirotemp FR3 fluid extends paper insulation life five to eight times, lowering life cycle costs. The increased insulation life also translates to extended and enhanced transformer life or the ability to carry higher loads during peak demand periods without leading to premature insulation failure. The enhanced performance allows utilities to manage their assets more profitably and forestall costly capital expenditures.

The fluid also has excellent fire resistant qualities. Recognized testing laboratories have listings allowing Envirotemp FR3 transformer installations outdoors and indoors, typically without costly fire protection devices. Envirotemp FR3 fluid is covered by several international patents.

About Cooper Power Systems

Cooper Power Systems (www.cooperpower.com) is a subsidiary of Cooper Industries (NYSE: CBE), a diversified worldwide manufacturer of products for the electrical, commercial, and industrial markets. CPS manufactures distribution transformers, distribution switchgear, reclosers, capacitors, protective relays, voltage regulators, automated switches, cable accessories, surge arresters, transformer components and dielectric coolants, fuses, tools and engineering services for the electrical utility and industrial markets.

About Cargill Industrial Oils and Lubricants

Cargill Industrial Oils and Lubricants (www.techoils.cargill.com) is a leading supplier of natural fats, oils, and environmentally advantaged products to industrial markets. The business unit is a part of Cargill, an international provider of food, agricultural and risk management products and services. With 105,000 employees in 59 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. For more information, visit www.cargill.com