Flowserve Opens Quick Response Center in the Netherlands

Moerdijk facility offers seal repair, manufacturing and maintenance services

Dallas, Texas, USA - September 5, 2006 - Flowserve Corp. (NYSE: FLS), a global provider of fluid motion and control products and services, announces the opening of its Quick Response Center (QRC) in Moerdijk, Netherlands. The Moerdijk QRC is a fully equipped, regional sales and service center that provides complete sealing solutions and superior, localized customer support.

The new Moerdijk QRC offers mechanical seal manufacturing, repair, failure analysis, and inventory backup for quick response to Flowserve customers in the Netherlands and throughout northern Europe. The facility is the latest in the growing Flowserve network of QRCs located in strategic regions around the world to provide unmatched local service and support to customers from a single, global source. Flowserve has opened or upgraded 16 QRCs worldwide in the past 18 months.

In addition to supporting active OEM customers in the Netherlands and providing faster service and support, Flowserve customers in the region will now have direct, local access to the company's LifeCycle AdvantageTM  program. This premier equipment management program offers customers the ability to streamline inventory, reduce product life cycle costs, and extend equipment life. The Moerdijk QRC provides easy access to LifeCycle Advantage technical consultants, replacement parts, and extensive service and repair offerings that are all part of the program.

"In opening our new QRC in Moerdijk, we have responded to market demand for highly localized support for our Dutch customer base," said Mark Fallek, vice president, marketing, Flowserve Flow Solutions. "Our superior level of service and global network of QRCs ensure Flowserve is ready to respond to customer needs quickly, completely, and with unmatched technical and engineering expertise."

SAFE HARBOR STATEMENT

This news release includes forward-looking statements. Forward looking statements are all statements that are not statements of historical facts and include, without limitation, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The words "believe", "seek", "anticipate", "plan", "estimate", "expect", "intend", "project", "forecast", "predict", "potential", "continue", "will", "may", "could", "should", and other words of similar meaning are intended to identify forward-looking statements. The forward-looking statements made in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that, in some cases, are beyond our control. These risks, uncertainties and factors may cause our actual results, performance and achievements, or industry results and market trends, to be materially different from any future results, performance, achievements or trends expressed or implied by such forward-looking statements. Important risks, uncertainties and other factors that could cause actual results to differ from these forward-looking statements include, but are not limited to, the following: delays in future reports of the Company's management and outside auditors on the Company's internal control over financial reporting and related certifications; continuing delays in the Company's filing of its periodic public reports and any SEC, NYSE or debt rating agencies' actions resulting therefrom; the possibility of adverse consequences of the pending securities litigation and SEC investigations; the possibility of adverse consequences of governmental tax audits of the Company's tax returns, including the upcoming IRS audit of the company's U.S. tax returns for the years 2002 through 2004; the Company's ability to convert bookings, which are not subject to nor computed in accordance with generally accepted accounting principles, into revenues at acceptable, if any, profit margins, since such profit margins cannot be assured nor be necessarily assumed to follow historical trends; changes in the financial markets and the availability of capital; changes in the already competitive environment for the Company's products or competitors' responses to the Company's strategies; the Company's ability to integrate acquisitions into its management and operations; political risks, military actions or trade embargoes affecting customer markets, including the continuing conflict in Iraq, uncertainties in certain Middle Eastern countries such as Iran, and their potential impact on Middle Eastern markets and global petroleum producers; the Company's ability to comply with the laws and regulations affecting its international operations, including the U.S. export laws, and the effect of any noncompliance; the health of the petroleum, chemical, power and water industries; economic conditions and the extent of economic growth in the U.S. and other countries and regions; unanticipated difficulties or costs associated with the implementation of systems, including software; the Company's relative geographical profitability and its impact on the Company's utilization of foreign tax credits; the recognition of significant expenses associated with realigning operations of acquired companies with those of Flowserve; the Company's ability to meet the financial covenants and other requirements in its debt agreements; any terrorist attacks and the response of the U.S. to such attacks or to the threat of such attacks; technological developments in the Company's products as compared with those of its competitors; changes in prevailing interest rates and the Company's effective interest costs; and adverse changes in the regulatory climate and other legal obligations imposed on the Company. It is not possible to foresee or identify all the factors that may affect our future performance or any forward-looking information, and new risk factors can emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements included in this news release are based on information available to us on the date of this news release. We undertake no obligation to revise or update any forward-looking statement or disclose any facts, events or circumstances that occur after the date hereof that may affect the accuracy of any forward-looking statement.

Technical Contact: Steve Boone, integrated communications manager, +1 (972) 443-6644 sboone@flowserve.com

Media Contact: David Abels, senior account executive, +1 (919) 960-9794 ext. 22 david@koroberi.com

Flowserve Safe Harbor Statement