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Pentair Prices $500 Million Senior Notes Offering

May 2, 2011

MINNEAPOLIS, May 2, 2011 /PRNewswire/ -- Pentair, Inc. (NYSE: PNR), announced today that it had priced a public offering of $500 million principal amount of senior notes due 2021 that bear interest at a rate of 5.000%. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by certain of Pentair's subsidiaries.

The offering is expected to close May 9, 2011, subject to customary closing conditions. Pentair intends to use the net proceeds of the offering to finance in part the Clean Process Technologies acquisition and pay related fees and expenses. Any remaining net proceeds will be used for general corporate purposes.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and U.S. Bancorp Investments, Inc. are the joint book-running managers for the offering.

The offering is being made only by means of a prospectus supplement and accompanying prospectus, which are part of a shelf registration statement Pentair filed with the Securities and Exchange Commission, copies of which may be obtained from J.P. Morgan Securities LLC by calling (212)-834-4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated by calling (800)-294-1322. An electronic copy of the prospectus supplement and accompanying prospectus is available from the Securities and Exchange Commission's website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

ABOUT PENTAIR, INC.
Pentair is a global diversified industrial company headquartered in Minneapolis, Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair's Technical Products Group is a leader in the global enclosures and thermal management markets, designing and manufacturing thermal management products and standard, modified, and custom enclosures that protect sensitive electronics and the people that use them.

PENTAIR CONTACT:
Media: Betsy Day, Manager – Corporate Communications
Tel.: (763) 656-5537
E-mail: betsy.day@pentair.com
Investors and Analysts: Sara Zawoyski, Vice President – Investor Relations
Tel.: (763) 656-5575
E-mail: sara.zawoyski@pentair.com