ITT declares $0.25 per share dividend and sets date for 2011,annual shareholder meeting

WHITE PLAINS, N.Y., February 23, 2011 — The Board of Directors of ITT Corporation (NYSE: ITT) today declared a cash dividend of $0.25 per share for the first quarter of 2011. This cash dividend will be payable on April 1, 2011 to shareholders of record on March 2, 2011.

The Board of Directors has also set the date for ITT's 2011 annual meeting of shareholders, which will be held on Tuesday, May 10, 2011 at 10:30 a.m. EDT. All shareholders of record as of March 16, 2011 are invited to attend. Details of the annual meeting will be included in the proxy statement, which will be available to shareholders in late March.

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