DEC-12-2007

Valspar Declares Dividend

MINNEAPOLIS, Minn., December 12, 2007 - The Valspar Corporation (NYSE:VAL) announced today that, at its December 12, 2007 meeting, the Company's Board of Directors declared a quarterly dividend of 14 cents per share, payable January 14, 2008 to all common stockholders of record on December 31, 2007. This 14 cent dividend represents a 1 cent, or approximately 7.7 percent, increase over the dividend in effect for the past four quarters.

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 news releases and other investor information are available on the Internet at www.ValsparGlobal.com.

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