Crane Co. Announces First Quarter Dividend.

STAMFORD, Conn. -- Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.20 per share for the first quarter of 2009. The dividend is payable on March 11, 2009 to shareholders of record as of the close of business on February 27, 2009.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Crane has approximately 12,000 employees in North America, South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.