Baldor Electric Company Announces 4th Quarter 2007 Dividend and Management Promotion

FORT SMITH, Ark., Nov. 6, 2007 -- Baldor Electric Company markets, designs, and manufactures industrial electric motors, power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Baldor made the following announcements after the Company's Board of Directors' meeting on November 4, 2007.

Cash Dividend ... The Board of Directors declared a regular quarterly cash dividend of $0.17 per share on the Company's common stock. The cash dividend is payable on January 4, 2008, to shareholders of record on December 14, 2007.

Management Announcement ... The Board of Directors also approved the following promotion effective January 1, 2008.

      Bryant G. Dooly  ............  Treasurer and Corporate Controller

      Bryant is an important member of the Baldor team and has been with the
      Company for the past seven years.  During that time, he has held the
      positions of Corporate Controller, Director of Audit Services and
      Manager of Financial Reporting.  Bryant brings more than 23 years of
      experience in Finance to his new position.

Next update ... The Company will make a presentation at the Baird Industrial Conference in Chicago on November 7, 2007, at 1:55 p.m. central time. The webcast can be viewed on Baldor's website at http://www.baldor.com/. Additional presentations will be made at the Stephens Investment Conference in New York on November 15, 2007, the Bear Stearns Capital Goods Conference in New York on November 28, 2007, and the Merrill Lynch Growth Conference in New York on December 13, 2007.