The Toro Company Authorizes Repurchase of Additional 5 Million Shares

BLOOMINGTON, Minn.--The Toro Company today announced that its board of directors has authorized the repurchase of an additional 5 million shares of common stock in the open market or in privately negotiated transactions. As of July 21, 2009, approximately 850,000 common shares remained available under a previous authorization.

The company’s continued strong cash flow enables it to return value to shareholders through dividends and share repurchases.

About The Toro Company

The Toro Company is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.9 billion in fiscal 2008, Toro’s global presence extends to more than 140 countries through its reputation of world-class service, innovation and turf expertise. Since 1914, the company has built a tradition of excellence around a number of strong brands to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields. More information is available at www.toro.com.