Cooper Exceeds 2Q

__________________________________________________________________________________________________________________________________________________________________________________________________

Cooper Industries Announces Second Quarter 2008 Revenues Will Exceed the High-End of the Forecasted Range

HOUSTON, July 9, 2008 - Cooper Industries, Ltd. (NYSE: CBE), a global diversified manufacturer, today announced that its second quarter 2008 revenues will exceed the high end of forecasts for revenue growth of 12% to 15%. Revenue growth for the second quarter is now expected to be approximately 18%.

Earnings per share was previously forecasted to increase to $.86 to $.90 in the second quarter, including a $.02 to $.03 impact from severance costs associated with the downsizing of a Tools Segment international facility.  Earnings per share in the second quarter are now expected to slightly exceed the high end of the forecast range of $.90 inclusive of a slightly higher income tax rate and $.01 to $.02 impact from currency-related losses, as well as the aforementioned impact from severance costs.

"After preliminary review of the results we are pleased that our diverse portfolio, disciplined business model and talented employees delivered a very solid quarter in a much more challenging economy," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.  "We delivered solid core revenue growth in the quarter, with our globalization initiative continuing to deliver strong results that more than offset the expected weakness in certain U.S. end-markets."

Cooper will report its fiscal second quarter 2008 results on July 24, 2008.