Lubrizol Declares Dividend


CLEVELAND, OH, June 27, 2006 - At today's Organization Meeting of the Board of Directors of The Lubrizol Corporation (NYSE: LZ), Directors declared a regular quarterly dividend of 26 cents per share payable September 8, 2006, to shareholders of record at the close of business on August 10, 2006.

The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers' products in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol's industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers' products, while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation, a Fortune 500 company, owns and operates manufacturing facilities in 20 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 6,900 employees worldwide. Revenues for 2005 were $3.6 billion, excluding operations discontinued in 2006 that had 2005 revenues of $0.4 billion. For more information, visit www.lubrizol.com.

Financial/Investor Contact Media Contact
Joanne Wanstreet David L. Cowen
440/347-1252 440/347-5333
Web Site: www.lubrizol.com

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