Leggett Announces First Quarter Dividend

CARTHAGE, Mo., Feb. 22, 2007 -- -- 1Q dividend is $.17 per share, 6.3% higher than the $.16 dividend of 1Q

     2006.
  -- Current dividend yield is 2.8%.
  -- 36th consecutive year of dividend increases, averaging 14% compound
     annual growth.
  -- Second-best dividend growth record among the S&P 500 companies.

Diversified manufacturer Leggett & Platt's Board of Directors declared a quarterly dividend of $.17 per share today. This marks a 6.3% increase over last year's first quarter dividend of $.16 per share. The dividend will be paid on April 13, 2007, to shareholders of record on March 15, 2007.

The company has increased its dividend annually for 36 consecutive years. Compound dividend growth has averaged 14% over that period. Only one other S&P 500 company has matched that record.

Leggett's first quarter results will be released after the market closes on Thursday, April 19, 2007, with a conference call at 9:00 a.m. (Eastern) on Friday, April 20, 2007.

FOR MORE INFORMATION: Visit Leggett's website at http://www.leggett.com/.

COMPANY DESCRIPTION: Leggett & Platt is a Fortune 500 diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products that can be found in virtually every home, office, retail store, and automobile. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 124-year-old firm is composed of 29 business units, 33,000 employee- partners, and more than 300 facilities located in over 20 countries.

Leggett & Platt is North America's leading independent manufacturer of the following: a) components for residential furniture and bedding; b) retail store fixtures and point of purchase displays; c) components for office furniture; d) non-automotive aluminum die castings; e) drawn steel wire; f) automotive seat support and lumbar systems; g) carpet underlay; h) adjustable beds; and i) bedding industry machinery for wire forming, sewing and quilting.

Susan R. McCoy, Director