Emerson to Invest World-Leading Innovative Technology to Meet  India’s Needs in Air Conditioning and Refrigeration Markets 

Monday November 13, 2006, MUMBAI – Emerson Climate Technologies, a business of Emerson (NYSE: EMR), today announced the official formation of Emerson Climate Technologies (India) Limited.

This follows the company’s recent acquisition, in July 2006, of the entire equity stake in Kirloskar Copeland Limited, (KCL), from its former joint venture partner Kirloskar Brothers Limited, (KBL), and represents an increased focus on Emerson’s Climate Technologies business in India.*

Emerson Climate Technologies is the world’s leading provider of heating, ventilation, air conditioning and refrigeration solutions for residential, industrial and commercial applications. It is an industry leader in compressors and technologies for improving human comfort and safeguarding foodstuffs whilst protecting the environment.

“Our recent buy-out was a significant transaction for Emerson’s Climate Technologies’ business inIndia and is a demonstration of our commitment to local customers and end-users,” explained Mr Mark Dunson, Vice President A/C Marketing (Emerson Climate Technologies Asia Pacific) and General Manager (Emerson Climate Technologies India).

“We see many exciting opportunities to contribute to India’s rapid development in terms of bringing leading technologies that can be implemented in partnership with our customers in India to deliver tailored world class solutions to the market. 

“These include solutions that specifically address local issues such as energy efficiency in an environment where power is in high demand; centralized air conditioning technology enabling world-class climate control environments for the retail, business and residential sector; and tailored retail solutions that lower the operating costs and improve efficiencies of refrigeration improving food quality in India.

“The strength of Emerson Climate Technologies India business lies in the combination of Emerson’s global experience and leadership combined with our 100% local employees and management team who know the India market intimately,” said Mr. Dunson.

“We have learnt from our operations in countries such as China that dynamic, fast moving, developing markets ultimately need flexibility in developing solutions that best meet the needs of customers. That requires being local and having the products and support where our customers and the market need then. Our strategy with the acquisition and establishment of Emerson Climate Technologies India is to focus on building our India business, not as an export base. We intend to continue to be local in our approach with a local strategy that continues to takes advantage of our firmly established infrastructure, strong local management and team of employees.”

Mr Dunson commented on the company’s commitment to the country and the industry. “We take our role in the industry seriously and believe that we have a responsibility to help our employees and customers develop and implement world class technologies, to help the industry provide products of higher energy efficiency, to educate the market and end users on the importance and win-win proposition of energy saving equipment, to consult with regulatory bodies by sharing best practices of energy standards setting and implementation world wide, and finally to raise the entire level of the industry by investing in training and education. This is how we approach the business worldwide and we are excited about our new role and relationship with the India HVAC industry.”

Note to Editors:

* In July 2006, Kirloskar Brothers Limited (KBL) and Copeland Corporation USA (Copeland), a division of Emerson (NYSE: EMR) and its Emerson Climate Technologies business announced an agreement in which KBL sold its entire equity stake in the Kirloskar Copeland Limited (KCL) joint venture to Copeland. KCL was first formed in 1993 as a joint venture between KBL’s compressor division (51 percent ownership) and Copeland (49 percent ownership) in order to manufacture compressors in India. The total consideration for the sale of the 51 percent stake by KBL to Copeland was agreed at US$40 million.

About Emerson Climate Technologies

Emerson Climate Technologies, a business of Emerson, is the world’s leading provider of heating, ventilation, air conditioning and refrigeration solutions for residential, industrial and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, educational and monitoring services to provide customized, integrated climate control solutions for customers worldwide. Emerson Climate Technologies’ innovative solutions, which include industry-leading brands such as Copeland Scroll™ and White-Rodgers, improve human comfort, safeguard food and protect the environment. For more information, visitemersonclimate.com.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and toolsbusinesses. Sales in fiscal 2005 were $17.3 billion. For more information, visit www.emerson.com