Illinoia Tool Works Board Approves 6 Percent Dividend Increase; Dividend Boosted to $1.44 Per Share on an Annual Basis

GLENVIEW, IL--Aug. 5, 2011: The board of directors of Illinois Tool Works Inc. today declared a regular quarterly cash dividend of 36 cents per share or $1.44 per share on an annual basis.  The quarterly increase of 2 cents per share--8 cents per share annually--represents a 6 percent increase over the current dividend rate.

The newly-increased dividend will be paid on Wednesday, October 12, 2011 to stockholders of record on Friday, September 30, 2011.

With nearly 100 years of history, Illinois Tool Works Inc. is a Fortune 200 global diversified industrial manufacturer. The Company's value-added consumables, equipment and service businesses serve customers in developed as well as emerging markets around the globe. ITW's key business platforms, including welding, automotive OEM, industrial packaging, food equipment, construction, polymers and fluids, test and measurement, electronics, decorative surfaces and automotive aftermarket, employ more than 60,000 people worldwide. ITW's revenues totaled $15.4 billion in 2010, with more than half of these revenues generated outside of the United States.