ITW Receives Favorable Court Decision in Australian Tax Case

Illinois Tool Works Inc. ITW today announced that on February 4 the Federal Court of Australia issued a favorable decision regarding the Company's dispute with the Australian Taxation Office over income tax deductions in connection with an intercompany financing transaction. As a result, there will be a significant allowable tax deduction. Given the complexity of the issues in the proceedings, the Federal Court of Australia directed the parties to submit orders to implement the Court rulings by February 18, 2011. However, the exact amount will not be determined until the Court issues its final order, which is expected before the end of the Company's first quarter.