AUG-17-2005

VALSPAR ANNOUNCES STOCK SPLIT AND CASH DIVIDEND

FOR IMMEDIATE RELEASE August 17, 2005

VALSPAR ANNOUNCES STOCK SPLIT AND CASH DIVIDEND

MINNEAPOLIS, MINNESOTA - The Valspar Corporation (NYSE-VAL), a global leader in the paint and coatings industry, announced today that its Board of Directors has approved a 2-for-1 stock split, effected in the form of a 100% stock dividend, for all common stockholders of record as of the close of business on September 2, 2005, to be distributed on September 23, 2005.

The Board also declared a regular quarterly cash dividend on stockholders' post-split shares of 10¢ per share. The cash dividend will be paid on October 14, 2005, to all common stockholders of record as of the close of business on October 3, 2005.

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.

For further information, contact Lori A. Walker, Vice President, Treasurer and Controller of Valspar at 612-375-7350.