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Share Increase Approved for ITW Two-for-One Stock Split

Illinois Tool Works shareholders today approved an increase in the number of authorized common shares from 350 million to 700 million, in order for the company to effect a two-for-one stock split. The record date for the split will be May 18, with distribution of split shares to follow on or about May 25. The company last split its stock in 1997, when the board approved a similar two-for-one share split.

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GLENVIEW, IL — Illinois Tool Works shareholders today approved an increase in the number of authorized common shares from 350 million to 700 million, in order for the company to effect a two-for-one stock split.

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The record date for the split will be May 18, with distribution of split shares to follow on or about May 25. The company last split its stock in 1997, when the board approved a similar two-for-one share split.

In addition, the board of directors declared a regular quarterly cash dividend of 33 cents per share or 16.5 cents per share after taking into account the two-for-one stock split. The annual dividend payout of $1.32 will become 66 cents as a result of the share split. The dividend will be paid on Monday, July 17, to stockholders of record on Friday, June 30.

For more information about ITW, go to: www.itw.com .

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