Flowserve Announces Quarterly Cash Dividend of $0.36 Per Share

The dividend is payable on October 12, 2012, to shareholders of record as of the close of business on September 28, 2012.

DALLAS, August 15, 2012 -- Flowserve Corp. (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its board of directors has authorized the payment of a quarterly cash dividend of $0.36 per share on the company's outstanding shares of common stock. At $0.36 per share, the quarterly cash dividend remains the same as the previous quarterly rate.  

The dividend is payable on October 12, 2012, to shareholders of record as of the close of business on September 28, 2012.

While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.36 per share rate or otherwise, 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.

About Flowserve: 
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.

Technical Contact: Mike Mullin, director, investor relations, (972) 443-6636

Media Contact: Steve Boone, director, global communications and public affairs, (972) 443-6644

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