ITT, Xylem and ITT Exelis to host investor days

WHITE PLAINS, N.Y., October 11, 2011 - ITT Corporation (NYSE: ITT) announced that it will broadcast a series of investor relations events, on October 13th and October 14th, related to its previously announced separation into three independent publicly traded companies, which is planned for October 31, 2011.

From 9:00AM EDT to 12:30PM EDT October 13th, future ITT Corporation CEO and president Denise Ramos, future CFO Tom Scalera and other members of senior management will present an overview of the future ITT Corporation.

Also on October 13th, from 1:30PM EDT to 5:00PM EDT, executives from Xylem, the company that will result from the spinoff of ITT’s water business will present an overview of that company. Speakers at this session will include future president and CEO Gretchen McClain, future CFO Mike Speetzen and other members of the future Xylem senior management team.

On October 14th from 9:00AM EDT to 12:30PM EDT, executives from ITT Exelis, the company that will result from the spinoff of ITT’s defense business will present an overview of that company. Speakers will include future CEO and president Dave Melcher, future CFO Peter Milligan and other members of the future ITT Exelis senior management.

The investor events for ITT and Xylem may be monitored live by calling +1 (866) 520-4729 (ID#: 18029257) or by going online to www.itt.com/investors.

The investor event for ITT Exelis may be monitored live by calling +1 (866) 520-4729 (ID#: 18060516) or by going online to www.itt.com/investors.

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2010 revenue of $11 billion. www.itt.com.