Eaton and Cooper Announce Amendment to Takeover Agreement

As previously announced on May 21, 2012, Eaton Corporation

and Cooper Industries plc

entered into a transaction agreement by which Eaton will acquire Cooper through the formation of a new holding company incorporated in Ireland that will be renamed Eaton Corporation plc. Eaton and Cooper announce that, in order to provide more clarity on specific steps to be taken in connection with the transaction, they have entered into an amendment (the “Amendment”) to the transaction agreement (as previously amended by an amendment dated June 22, 2012). The Amendment makes no changes to the amount or timing of payment of the scheme consideration, the conditions to the consummation of the transaction