ITT declares third-quarter dividend of 25 cents per share

WHITE PLAINS, N.Y., August 16, 2011 - The Board of Directors of ITT Corporation (NYSE: ITT) today declared a cash dividend of $0.25 per share for the third quarter of 2011. This cash dividend will be payable October 1, 2011 to shareholders of record on August 26, 2011.

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.

Press Contact:

Jenny Schiavone
+1 914 641 2160
jennifer.schiavone@itt.com

Investor Contact:

Thomas Scalera
+1 914 641 2030
thomas.scalera@itt.com