Cooper Industries Board Declares Dividend

HOUSTON, Feb. 13 -- The Board of Directors of Cooper Industries, Inc. today declared a regular quarterly dividend of $.35 on each share of the Company's outstanding common stock. The dividend is payable April 1, 2002, to shareholders of record on March 1, 2002.

In addition, the Board also set the date for the Company's Annual Meeting as April 5, 2002. The meeting will be held at 11:00 AM Central time in the JPMorgan Chase Center Auditorium, 601 Travis Street, Houston, Texas. A meeting notice and proxy materials will be mailed to all shareholders of record as of March 1, 2002.

Cooper Industries, with 2001 revenues of $4.2 billion, is a worldwide manufacturer of electrical products, tools and hardware.