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Press release from Business Wire

The Manitowoc Company, Inc. Board of Directors Approves 8-Cent Annual Dividend

Monday, October 25, 2010

The Manitowoc Company, Inc. Board of Directors Approves 8-Cent Annual Dividend16:41 EDT Monday, October 25, 2010 MANITOWOC, Wis. (Business Wire) -- At its meeting today, the Board of Directors of The Manitowoc Company, Inc. (NYSE: MTW), declared a cash dividend of 8 cents per share of common stock, payable on December 13, 2010, to shareholders of record on December 3, 2010. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with nearly 100 manufacturing, distribution, service, and/or office facilities in 26 countries. It is recognized as one of the world's largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. Manitowoc also is one of the world's leading innovators and manufacturers of commercial foodservice equipment serving the ice, beverage, refrigeration, food prep, and cooking needs of restaurants, convenience stores, hotels, healthcare, and institutional applications. The Manitowoc Company, Inc.Carl J. LaurinoSenior Vice President & Chief Financial Officer920-652-1720