Crane Co. Announces Second Quarter Dividend

Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.23 per share for the second quarter of 2011. The dividend is payable on June 10, 2011 to shareholders of record as of the close of business on May 31, 2011.

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 11,000 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.