JUN-23-2005

VALSPAR DECLARES DIVIDEND

FOR IMMEDIATE RELEASE June 22, 2005

VALSPAR DECLARES DIVIDEND

MINNEAPOLIS, MINNESOTA - The Board of Directors of The Valspar Corporation (NYSE-VAL), at its meeting on June 22, 2005 declared a quarterly dividend of 20¢ per share, payable July 15, 2005 to all common stockholders of record on July 1, 2005.

Valspar is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.

Valspar shares are traded on the New York Stock Exchange under the symbol VAL. Valspar news releases and other investor information are available on the Internet at www.valspar.com.

Contact: Lori A. Walker, Vice President, Treasurer and Controller
The Valspar Corporation
(612) 375-7350