Flowserve Nods Payment of Quarterly Cash Dividend

Flowserve Corporation has authorized the payment of a quarterly cash dividend of $0.25 cents per share on the Company's outstanding shares of common stock. The dividend is payable on October 8, 2008 to shareholders of record as of the close of business on September 24, 2008.

While Flowserve currently intends to pay regular quarterly dividends for the foreseeable future, any future dividends will be reviewed individually and declared by the Board at its discretion, dependent on the Board's assessment of the company's financial condition and business outlook at the applicable time.


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