Trane Acquisition Expected to Close on or about May 30, 2008

Ingersoll Rand's CEO expressed confidence that the acquisition of Trane will be completed on or about May 30, 2008, following receipt of all required antitrust approvals and pending Trane shareholder vote.

“I remain confident that we are on course to accomplish both critical milestones within our expected timeline, and I am optimistic that we will be able to complete the acquisition on or about May 30, 2008.”

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