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　　Hamilton, Bermuda, April 24, 2008—Ingersoll-Rand Company Limited (NYSE:IR) today announced the business sector leadership team for the company, effective upon the completion of the acquisition of Trane Inc. (NYSE:TT).

　　Michael W. Lamach, currently president, Ingersoll Rand Security Technologies Sector, will become president of Trane Commercial Systems, succeeding W. Craig Kissel, who has elected to retire as president, Trane Commercial Systems, effective three months following the close of the acquisition.

　　David R. Pannier, president, Residential Systems for Trane, will remain in his current role.

　　James R. Bolch, president, Ingersoll Rand Industrial Technologies Sector, will remain in his current role.

　　Steven R. Shawley, president, Ingersoll Rand Climate Control Technologies, will remain in his current role.

　　A successor to Mike Lamach as president, Security Technologies, is expected to be announced before the completion of the Trane acquisition.

　　"Our business sector leadership team represents a substantial advantage for Ingersoll Rand as we seek to expand participation and generate growth in all of our markets," said Herbert L. Henkel, chairman, president and chief executive officer of Ingersoll Rand. "Each of our business leaders possesses superior market expertise, operational proficiency, leadership excellence and demonstrated success throughout their careers."

　　Lamach joined Ingersoll Rand in 2004 as senior vice president and president, Ingersoll Rand Security Technologies, after nearly 17 years with Johnson Controls Incorporated (JCI). At JCI, Lamach held several senior leadership positions, including within JCI’s Automotive Group and Controls Group.

　　"Mike Lamach will bring important industry experience and market insight to his new role as president of Trane Commercial Services. Since joining Ingersoll Rand, Mike has successfully guided the Security Technologies business to strong revenue and earnings performance, including through the past two years of difficult conditions in the residential market. In addition, Mike has extensive knowledge of the building controls and HVAC services businesses, which are integral to our growth strategy for Trane Commercial Systems. "

　　Kissel assumed his current position in January 2004. Before that he was president of WABCO, the former Vehicle Control Systems business of American Standard Companies, which was spun off as an independent company on August 1, 2007. Prior to leading Vehicle Control Systems, Kissel spent 17 years in various senior management positions in both the commercial and residential parts of Trane’s air conditioning business.

　　"I am pleased that Craig has agreed to remain with Ingersoll Rand for a transition period following the completion of the Trane acquisition in order to provide a smooth transfer of leadership.

　　"Also, I am pleased to know that we will continue to benefit from the strong leadership and broad industry experience of Jim Bolch, Dave Pannier and Steve Shawley for their respective businesses."

　　Ingersoll Rand announced the planned acquisition of Trane Inc. (NYSE:TT), formerly American Standard Companies Inc., on December 17, 2007. Trane provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. Ingersoll Rand has received all antitrust regulatory approvals to proceed with the completion of the acquisition, following the approval of Trane shareholders. Trane shareholders are expected to vote on the acquisition at a special meeting to be scheduled later in the second quarter pending completion of a review by the U.S. Securities and Exchange Commission of the proxy statement/prospectus to be mailed to Trane shareholders.