2008-09-19 23:02:01 -

www.craneco.com - Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2008 earnings release:

-- Earnings Release: October 27, 2008 after close of market by public distribution and the Crane Co. website at www.craneco.com.

-- Teleconference: October 28, 2008 at 10:00 AM (Eastern) hosted by Eric C. Fast, President & CEO, Timothy J. MacCarrick, Vice President & CFO, and Richard E. Koch, Director of Investor Relations and Corporate Communications. The web cast will be in a listen-only mode via the Company's website www.craneco.com.

-- Web Replay: Will be available on the Company's website shortly after completion of the live call.

Crane Co. is a diversified manufacturer of highly engineered industrial

products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems and Controls. Crane has approximately 12,000 employees in North America, South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

Crane Co.
Richard E. Koch, 203-363-7352
Director, Investor Relations and Corporate Communications
www.craneco.com