News Releases - 2006

Date: 10 June 2006

MAYOR OFFICIALLY OPENS NEW ‘EATON DEVELOPMENT CENTRE’ IN CHRISTCHURCH

CHRISTCHURCH, NEW ZEALAND ... Globally diversified industrial manufacturer Eaton Corporation (NYSE:ETN) is opening its new and futuristically styled building, the ‘Eaton Development Centre’. The Christchurch Mayor Mr Garry Moore will open it officially from 2:15pm on Saturday, June 10th on Princess Street Riccarton. Also attending will be Chris Pickrill of the Canterbury Development Corporation (CDC), Eaton staff ,their families and other special guests.

Eaton’s Christchurch office is the world headquarters for the Telecommunications Solutions Division (TSD) of Eaton Corporation and is the centre for Eaton’s high-tech Direct Current (DC) products design, sales and marketing that employs over 120 staff. Eaton Corporation as a whole is a major player globally that has DC product operations in Australia, United Kingdom, Brazil, India and China and it is in excellent health. Last year, in spite of a year of consolidation in its New Zealand TSD operation, it had sales of US$11.1 billion.

The new Christchurch building is the most recent addition to a spate of new developments in the area and underlies the Telecommunications Solution Division New Zealand operations growing business success in providing high quality DC power product and service solutions to telecoms companies globally.

Tony Baird, Vice President and Managing Director of Eaton’s Telecommunications Solution Division said, “I am delighted with the opening of this new facility which signifies Eaton’s ongoing commitment to the Christchurch operations. It is testament to the world-class products and services that are designed right here in Christchurch, by our talented staff, and delivered to major telecom companies in over 100 companies around the world”.

Chris Pickrill CEO of the Canterbury Development Corporation said that “there is a strong and growing high-technology industry base in Canterbury and Eaton has been a valuable contributor to the Canterbury economy and it looks set to continue growing in value and importance ”

Mayor Garry Moore said “Eaton is a successful and innovative company that develops and markets its products to the world. Its success in design and product development adds enormously to the economy of Christchurch and to the city’s reputation as the high tech capital of New Zealand. Congratulations to everyone concerned on the opening of the Eaton Development Centre and my best wishes to you all for the future”.

Background

Eaton provides telecommunications and related sectors with world-leading infrastructure products and services. These include 24V and 48V DC power solutions, battery monitoring systems, cabinets and enclosures, and a wide range of services including remote monitoring, turnkey integration services and site support.

In the electrical industry, Eaton is a global leader in electrical control, power distribution, uninterruptible power supply and industrial automation products and services. Through advanced product development, world-class manufacturing methods, and global engineering services and support, Eaton’s electrical business provides customer-driven solutions under brand names such as Powerware®, Cutler- Hammer®, Durant®, Heinemann®, Holec® and MEM®, which globally serve the changing needs of the industrial, utility, light commercial, residential, IT and OEM markets. For more information, visit
www.eatonelectrical.com.

Eaton Corporation is a diversified industrial manufacturer with 2005 sales of US$11.1 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 60,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.