Johnson Controls Increases Dividend; Elects New Director

MILWAUKEE, Nov. 14 --

The Board of Directors of Johnson Controls, Inc. today approved an increase in the company's quarterly cash dividend to $.33 cents per common share. Previously, the quarterly dividend was $.31 per share.

The indicated annual dividend is $1.32, versus $1.24 paid in 2001. Today's announcement marks the 27th consecutive year that Johnson Controls has increased its dividend. The company has made consecutive dividend payments since 1887.

``The increased dividend reflects our record financial results in fiscal 2001, and the strength of our financial position,'' said James H. Keyes, chairman and chief executive officer. ``We also have confidence in continued strong cash flows during the year ahead.''

The company announced it would pay a quarterly dividend of $.33 per common share on January 2, 2002 to shareholders of record December 14, 2001.

Johnson Controls announced the retirement of Board members Gilbert R. Whitaker and William F. Andrews.

``On behalf of our company and our shareholders, I extend my deepest thanks and appreciation to our retiring Directors for their years of counsel and their support of Johnson Controls,'' said Mr. Keyes.

Elected to the Board was Jeff Joerres. Mr. Joerres, 41, is president and chief executive officer of Manpower, Inc., a worldwide staffing and workforce solutions firm with corporate headquarters in Milwaukee, Wis. He joined Manpower in 1993 as vice president of marketing, and became CEO in 1999.

Johnson Controls is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For nonresidential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. Johnson Controls, founded in 1885, has headquarters in Milwaukee, Wis. Its sales for 2001 totaled $18.4 billion.

The Company has made forward-looking statements in this document pertaining to its financial results for fiscal 2001 and 2002 that are based on preliminary data and are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future risks and may include words such as ``believes,'' ``expects,'' ``anticipates'' or similar expressions. For those statements, the company cautions that numerous important factors, such as automotive vehicle production levels and schedules, the strength of the U.S. economy, as well as those factors discussed in the company's Form 8-K (dated November 9, 2001), could affect the company's actual results and could cause its actual consolidated results to differ materially from those expressed in any forward-looking statement made by, or on behalf of, the company.