Rockwell Automation Completes Sale of Mechanical and Motor Businesses to Baldor Electric Company

Rockwell Automation, Inc. (NYSE:ROK) today announced that it has completed the sale of the company’s Dodge® mechanical and Reliance Electric™ motors and motor repair services businesses to Baldor Electric Company (NYSE:BEZ). Rockwell Automation received $1.75 billion in cash and approximately 1.6 million shares of Baldor common stock from this transaction. Keith D. Nosbusch, Chairman and Chief Executive Officer of Rockwell Automation, said, "We are pleased this transaction enables us to sharpen our focus on architecture, software and intelligent motor control businesses which provide world-class industrial automation control and information solutions for our customers." For further details, please consult Baldor’s press release of January 31, 2007, available at www.baldor.com. This news release contains statements (including certain projections and business trends) accompanied by such phrases as "believe”, "estimate”, "expect”, "anticipate”, "will”, "intend” and other similar expressions, that are "forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, many of which are beyond our control, including but not limited to: economic and political changes in global markets where we compete, such as currency exchange rates, inflation rates, interest rates, recession, policies of foreign governments and other external factors we cannot control, and U.S. and local laws affecting our activities abroad and compliance therewith; successful development of advanced technologies and demand for and market acceptance of new and existing products; general global and regional economic, business or industry conditions, including levels of capital spending in industrial markets; the availability, effectiveness and security of our legacy and future information technology systems; competitive product and pricing pressures; disruption of our operations due to natural disasters, acts of war, strikes, terrorism, or other causes; intellectual property infringement claims by others and the ability to protect our intellectual property; our ability to successfully address claims by taxing authorities in the various jurisdictions where we do business; our ability to attract and retain qualified personnel; the uncertainties of litigation; disruption of our North American distribution channel; the availability and price of components and materials; and other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements reflect our beliefs as of the date of filing this release. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Rockwell Automation, Inc. (NYSE: ROK), is a leading global provider of industrial automation control and information solutions that help manufacturers achieve a competitive advantage in their businesses. The company brings together leading global brands in industrial automation which include Allen-Bradley® controls and services and Rockwell Software® factory management software. Headquartered in Milwaukee, Wis., the company employs about 19,000 people serving customers in more than 80 countries.