Crane Co. Announces First Quarter Dividend

Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.20 per share for the first quarter of 2010. The dividend is payable on March 10, 2010 to shareholders of record as of the close of business on February 26, 2010.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Crane has approximately 10,000 employees in North America, South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

Contacts:

Crane Co.
Richard E. Koch, 203-363-7352
Director, Investor Relations &
Corporate Communications
www.craneco.com

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