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Pentair Increases Quarterly Cash Dividend 11%

February 27, 2003
ST. PAUL, Minn., Feb 27, 2003 /PRNewswire-FirstCall via COMTEX/ -- Directors of Pentair, Inc. (NYSE: PNR) yesterday increased the company's regular quarterly cash dividend from 19 cents per share to 21 cents per share. This represents an 11 percent increase, which will be effective with the dividend payable May 9, 2003, to shareholders of record at the close of business on April 25, 2003. This is the 27th consecutive annual dividend increase in the company's 37-year history.

Pentair ( ) is a St. Paul-based manufacturer whose core businesses compete in tools, water technologies, and enclosures markets. The company employs 12,000 people in more than 50 locations around the world.

CONTACT: Mark Cain of Pentair, Inc., +1-651-639-5278 SOURCE Pentair, Inc.