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Sharpening Our
    Focus
Forward-Looking Statements

We want to remind everyone that our comments
may contain certain forward-looking statements
that are inherently subject to uncertainties. We
caution everyone to be guided in their analysis of
Dover Corporation by referring to our Form 10-K
for a list of factors that could cause our results to
differ from those anticipated in any such forward-
looking statement.
We would also direct your attention to our internet
site, www.dovercorporation.com, where
considerably more information can be found.

                                                        2
Focused Results (2005 – Present)

 Revitalized Operating Company Portfolio
    Discontinued and/or sold 22 companies - $1.3B revenue; 5% margins
    Acquired 20 Companies - $1.3B revenue; 15% margins
        Broad markets served; expands global footprint
        Higher growth rates; reduced volatility
        Recurring revenue opportunity
 Improved Operating Performance
    Initiated PERFORMANCECOUNTS program
        5 Dover metrics (8-10-15-20-25)
        Best practices (Kaizen, 80/20, DFM, Six Sigma, etc.)
        Emphasis on organic growth
     Synergies being pursued
        Four new company groups established
        Supply Chain Council developed
 Dover is Poised for Value-Creating Growth


2005-2006 Results: Revenue                         47%; EPS    68%

                                                                        3
Sustainable Growth
     $ in millions
                              Revenue          Earnings
          $7,000                                                                $700

          $6,000                                                                $600

          $5,000                                                                $500




                                                                                       Earnings
Revenue




          $4,000                                                                $400

          $3,000                                                                $300

          $2,000                                                                $200

          $1,000                                                                $100

             $0                                                                 $0
                     2002   2003        2004        2005           2006
                                                     Results reflect continuing operations


          5-YR REVENUE CAGR: 13.5%                5-YR EARNINGS CAGR: 24.2%
                                                                                                  4
Recent Successes
Expanding Our Growth Platforms
   Successful acquisitions in Product ID, Material Handling
   and Electronic Technologies
Generating Strong Cash Flow
   Generated $1.1B free cash flow (2005 – 2006)
      9.6% of revenue
   Disciplined acquisition process in challenging market
   Focus on capital allocation
      $500M share repurchase in process
      52nd consecutive year of dividend increase

Driving Performance Through Shared Best Practices
   Kaizen, 80/20, DFM, Six Sigma, etc.



                                                              5
Double Digit EPS Growth
                   Continuing Earnings Per Share
$0.90

$0.80

$0.70
                                          $2.88
$0.60
                                                   YTD
                         $2.12                     $1.49
$0.50

$0.40

           $1.72
$0.30

$0.20

$0.10

$0.00
        Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2


                                                   2007
          2004           2005            2006
                                                           6
Evolution of Our Structure
                                             4 Segments – 6 Platforms
                                          • Organized into logical
              4 Subsidiaries                business groupings.
           Delegated oversight of         • Provides framework to
                                            increase synergies.
               companies to
            Subsidiary CEO’s.             • Increases clarity for investors.

                                                                 2007
                          1985
1955                                             2004



                                        6 Subsidiaries
  Direct Reporting
                                    Broadened management
Autonomous operating
                                    structure and deepened
     companies.
                                     executive talent base.




                                                                               7
Our Previous Structure



DIVERSIFIED        RESOURCES

              .
ELECTRONICS         SYSTEMS



INDUSTRIES        TECHNOLOGIES




                                 8
Our New Structure



INDUSTRIAL         ENGINEERED                  FLUID        ELECTRONIC
 PRODUCTS               SYSTEMS            MANAGEMENT       TECHNOLOGIES




            Material
                                  Product ID            Energy
            Handling




             Mobile               Engineered            Fluid
            Equipment              Products            Solutions




                                                                           9
New Segment Rationale

Match Organization to “New” Portfolio
  Align similar businesses focused on broad end-
 markets
  Develop platform management teams
     Set strategic platform direction
     Coordinate best practices sharing
     Additional acquisition capacity
     Support for segment leaders
  Expand executive opportunities
     Create leaders of tomorrow
     Develop deeper platform expertise




                                                   10
New Segment Rationale (continued)

Enhance Synergy Opportunities
  Identify and capture synergies
  Expand global sourcing/supply chain opportunities
  Build leading market share positions
      Leverage global operations expertise
      Focus on developing market trends

Focus Acquisition Process
  Focus investments on key platforms
      Opportunistically pursue new platforms
  Strengthen position as “acquirer of choice”




                                                      11
Improve Clarity
Simplify Dover for Investors
  Prior subsidiary names had limited external meaning
  New names convey end-market focus

Greater Transparency
  More meaningful data points to be reported
  “Pure play” platforms identified

Potential Catalyst for New Investors
  Makes analysis easier
  Business focus more intuitive
  Improves market liquidity


                                                        12
New Reporting Segments

                  ELECTRONIC         INDUSTRIAL
                  TECHNOLOGIES        PRODUCTS




                FLUID
          MANAGEMENT


                               ENGINEERED
                                 SYSTEMS


JUNE 2007 YTD
REVENUE


                                                  13
Focused Platforms




JUNE 2007 YTD
REVENUE


                             14
Segment CEO’S

  Dave                                             Bob
  Ropp                                          Livingston


                                ENGINEEREDSYSTEMS
         INDUSTRIALPRODUCTS



                                                  Dave
  Bill                                          Van Loan
Spurgeon


                              ELECTRONICTECHNOLOGIES
           FLUIDMANAGEMENT


                                                             15
INDUSTRIALPRODUCTS
                       Revenue    Earnings
$ in millions

$2,000                                              $400


$1,500                                              $300
                                             YTD
                                             +22%
$1,000                                              $200

                                             +21%
   $500                                             $100


        $0                                          $0
                2004   2005      2006        2007
                                 MATERIAL HANDLING
    MOBILE EQUIPMENT
                                                           16
INDUSTRIALPRODUCTS
     MATERIAL HANDLING
                                                   Revenue
                         $ in millions

                          $800
                          $700                                YTD
                          $600                                +58%
                          $500
                          $400
                          $300
                          $200
                          $100
                              $0
                                         2004   2005   2006   2007

Construction Attachments, Winches, Cylinders, Work Holding Devices
                                                                     17
INDUSTRIALPRODUCTS
      MOBILE EQUIPMENT
                                                   Revenue
                          $ in millions

                           $1,400
                           $1,200
                           $1,000
                                                               YTD
                             $800                              +3%

                             $600
                             $400
                             $200
                                $0
                                          2004   2005   2006   2007

Refuse Equipment, Fuel/Bulk Trailers, Aerospace Components,
Powersports Components, Automotive Aftermarket Equipment              18
ENGINEEREDSYSTEMS
                       Revenue    Earnings
$ in millions


 $2,000                                             $300

 $1,600                                             $240
                                          YTD
                                         +29%
 $1,200                                             $180

    $800                                            $120
                                             +4%
    $400                                            $60

         $0                                         $0
                2004    2005     2006        2007


                                 ENGINEERED PRODUCTS
PRODUCT IDENTIFICATION
                                                           19
ENGINEEREDSYSTEMS
PRODUCT IDENTIFICATION
                                              Revenue
                     $ in millions

                      $600
                                                          YTD
                      $500                                +71%
                      $400

                      $300

                      $200

                      $100

                          $0
                                     2004   2005   2006   2007

 Product Marking Equipment, Stationary and Portable Printers
                  and related consumables                        20
ENGINEEREDSYSTEMS
   ENGINEERED PRODUCTS
                                                 Revenue
                         $ in millions

                          $1,200

                          $1,000

                            $800                               YTD
                                                              +10%
                            $600

                            $400

                            $200

                                $0
                                         2004   2005   2006   2007

Refrigerated Display Cases, Heat Exchangers, Food Equipment, ATM’s
                                                                     21
FLUIDMANAGEMENT
                         Revenue    Earnings
$ in millions

$1,500                                                $300
$1,200                                                $240
                                                YTD
                                               +12%
  $900                                                $180
  $600                                                $120
                                               +10%
  $300                                                $60
       $0                                             $0
                 2004    2005      2006        2007



                                      FLUID SOLUTIONS
                ENERGY
                                                             22
FLUIDMANAGEMENT
ENERGY
                                        Revenue
               $ in millions

                $700
                $600
                                                      YTD
                $500                                 +17%
                $400
                $300
                $200
                $100
                    $0
                               2004   2005   2006    2007

 Oilfield Drill Bit Inserts, Sensors, Sucker Rods,
      Gas Compression, Specialty Bearings                   23
FLUIDMANAGEMENT
           FLUID SOLUTIONS
                                                     Revenue
                             $ in millions

                              $700
                              $600
                              $500                                YTD
                                                                  +8%
                              $400
                              $300
                              $200
                              $100
                                  $0
                                             2004   2005   2006   2007

Service Station Equipment, Hydraulic Pumps and Valves, Dispensing Equipment
                                                                          24
ELECTRONICTECHNOLOGIES
                       Revenue     Earnings
$ in millions


$1,500                                               $300
$1,200                                               $240
                                              YTD
  $900                                               $180
                                               -5%
  $600                                               $120
  $300                                               $60
                                              -24%
       $0                                            $0
                2004   2005      2006         2007



                                                            25
ELECTRONICTECHNOLOGIES

                                              Bookings
                     $ in millions

                     $1,500

                     $1,200
                                                          YTD
                       $900                               -11%

                       $600

                       $300

                          $0
                                     2004   2005   2006   2007

Acoustic, Microwave, Ceramic, Frequency Control Components;
                                                                 26
   Electronic Test, Material Deposition and Soldering Tools
Public Disclosure
INDUSTRIALPRODUCTS   ENGINEEREDSYSTEMS   FLUIDMANAGEMENT   ELECTRONICTECHNOLOGIES




   Segment (Quarterly & Annual)
      Revenue, earnings, bookings, backlog , operating margins
      Growth components: organic, acquisitions, currency
   Platform (Quarterly & Annual)
       Revenue, bookings, backlog
       Comparative earnings trends
   High Level Qualitative Commentary
   Acquisition and Divestiture Activity

                                                                                    27
Sharpening Our Focus
   New Organizational Structure Will Make a Difference
     Operational improvements
        Facilitates expanded synergies & best practices
        Focuses acquisition activity
        Expanded oversight provides advancement opportunities
        Provides clarity and simplifies Dover for investors
      Performance improvements
        PERFORMANCECOUNTS is driving world-class
        improvements

   Unique Culture Will be Retained
     Source of competitive advantage
     Allow experts to run their business

Synergistic Activities Expected to Improve Operational
      Earnings 4% - 6% Over Two-Year Period                     28
Refining Our Structure to
Enhance Our Performance



                            29

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Dover's Focus on Value-Creating Growth Through Segmentation and Platform Management

  • 2. Forward-Looking Statements We want to remind everyone that our comments may contain certain forward-looking statements that are inherently subject to uncertainties. We caution everyone to be guided in their analysis of Dover Corporation by referring to our Form 10-K for a list of factors that could cause our results to differ from those anticipated in any such forward- looking statement. We would also direct your attention to our internet site, www.dovercorporation.com, where considerably more information can be found. 2
  • 3. Focused Results (2005 – Present) Revitalized Operating Company Portfolio Discontinued and/or sold 22 companies - $1.3B revenue; 5% margins Acquired 20 Companies - $1.3B revenue; 15% margins Broad markets served; expands global footprint Higher growth rates; reduced volatility Recurring revenue opportunity Improved Operating Performance Initiated PERFORMANCECOUNTS program 5 Dover metrics (8-10-15-20-25) Best practices (Kaizen, 80/20, DFM, Six Sigma, etc.) Emphasis on organic growth Synergies being pursued Four new company groups established Supply Chain Council developed Dover is Poised for Value-Creating Growth 2005-2006 Results: Revenue 47%; EPS 68% 3
  • 4. Sustainable Growth $ in millions Revenue Earnings $7,000 $700 $6,000 $600 $5,000 $500 Earnings Revenue $4,000 $400 $3,000 $300 $2,000 $200 $1,000 $100 $0 $0 2002 2003 2004 2005 2006 Results reflect continuing operations 5-YR REVENUE CAGR: 13.5% 5-YR EARNINGS CAGR: 24.2% 4
  • 5. Recent Successes Expanding Our Growth Platforms Successful acquisitions in Product ID, Material Handling and Electronic Technologies Generating Strong Cash Flow Generated $1.1B free cash flow (2005 – 2006) 9.6% of revenue Disciplined acquisition process in challenging market Focus on capital allocation $500M share repurchase in process 52nd consecutive year of dividend increase Driving Performance Through Shared Best Practices Kaizen, 80/20, DFM, Six Sigma, etc. 5
  • 6. Double Digit EPS Growth Continuing Earnings Per Share $0.90 $0.80 $0.70 $2.88 $0.60 YTD $2.12 $1.49 $0.50 $0.40 $1.72 $0.30 $0.20 $0.10 $0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2004 2005 2006 6
  • 7. Evolution of Our Structure 4 Segments – 6 Platforms • Organized into logical 4 Subsidiaries business groupings. Delegated oversight of • Provides framework to increase synergies. companies to Subsidiary CEO’s. • Increases clarity for investors. 2007 1985 1955 2004 6 Subsidiaries Direct Reporting Broadened management Autonomous operating structure and deepened companies. executive talent base. 7
  • 8. Our Previous Structure DIVERSIFIED RESOURCES . ELECTRONICS SYSTEMS INDUSTRIES TECHNOLOGIES 8
  • 9. Our New Structure INDUSTRIAL ENGINEERED FLUID ELECTRONIC PRODUCTS SYSTEMS MANAGEMENT TECHNOLOGIES Material Product ID Energy Handling Mobile Engineered Fluid Equipment Products Solutions 9
  • 10. New Segment Rationale Match Organization to “New” Portfolio Align similar businesses focused on broad end- markets Develop platform management teams Set strategic platform direction Coordinate best practices sharing Additional acquisition capacity Support for segment leaders Expand executive opportunities Create leaders of tomorrow Develop deeper platform expertise 10
  • 11. New Segment Rationale (continued) Enhance Synergy Opportunities Identify and capture synergies Expand global sourcing/supply chain opportunities Build leading market share positions Leverage global operations expertise Focus on developing market trends Focus Acquisition Process Focus investments on key platforms Opportunistically pursue new platforms Strengthen position as “acquirer of choice” 11
  • 12. Improve Clarity Simplify Dover for Investors Prior subsidiary names had limited external meaning New names convey end-market focus Greater Transparency More meaningful data points to be reported “Pure play” platforms identified Potential Catalyst for New Investors Makes analysis easier Business focus more intuitive Improves market liquidity 12
  • 13. New Reporting Segments ELECTRONIC INDUSTRIAL TECHNOLOGIES PRODUCTS FLUID MANAGEMENT ENGINEERED SYSTEMS JUNE 2007 YTD REVENUE 13
  • 14. Focused Platforms JUNE 2007 YTD REVENUE 14
  • 15. Segment CEO’S Dave Bob Ropp Livingston ENGINEEREDSYSTEMS INDUSTRIALPRODUCTS Dave Bill Van Loan Spurgeon ELECTRONICTECHNOLOGIES FLUIDMANAGEMENT 15
  • 16. INDUSTRIALPRODUCTS Revenue Earnings $ in millions $2,000 $400 $1,500 $300 YTD +22% $1,000 $200 +21% $500 $100 $0 $0 2004 2005 2006 2007 MATERIAL HANDLING MOBILE EQUIPMENT 16
  • 17. INDUSTRIALPRODUCTS MATERIAL HANDLING Revenue $ in millions $800 $700 YTD $600 +58% $500 $400 $300 $200 $100 $0 2004 2005 2006 2007 Construction Attachments, Winches, Cylinders, Work Holding Devices 17
  • 18. INDUSTRIALPRODUCTS MOBILE EQUIPMENT Revenue $ in millions $1,400 $1,200 $1,000 YTD $800 +3% $600 $400 $200 $0 2004 2005 2006 2007 Refuse Equipment, Fuel/Bulk Trailers, Aerospace Components, Powersports Components, Automotive Aftermarket Equipment 18
  • 19. ENGINEEREDSYSTEMS Revenue Earnings $ in millions $2,000 $300 $1,600 $240 YTD +29% $1,200 $180 $800 $120 +4% $400 $60 $0 $0 2004 2005 2006 2007 ENGINEERED PRODUCTS PRODUCT IDENTIFICATION 19
  • 20. ENGINEEREDSYSTEMS PRODUCT IDENTIFICATION Revenue $ in millions $600 YTD $500 +71% $400 $300 $200 $100 $0 2004 2005 2006 2007 Product Marking Equipment, Stationary and Portable Printers and related consumables 20
  • 21. ENGINEEREDSYSTEMS ENGINEERED PRODUCTS Revenue $ in millions $1,200 $1,000 $800 YTD +10% $600 $400 $200 $0 2004 2005 2006 2007 Refrigerated Display Cases, Heat Exchangers, Food Equipment, ATM’s 21
  • 22. FLUIDMANAGEMENT Revenue Earnings $ in millions $1,500 $300 $1,200 $240 YTD +12% $900 $180 $600 $120 +10% $300 $60 $0 $0 2004 2005 2006 2007 FLUID SOLUTIONS ENERGY 22
  • 23. FLUIDMANAGEMENT ENERGY Revenue $ in millions $700 $600 YTD $500 +17% $400 $300 $200 $100 $0 2004 2005 2006 2007 Oilfield Drill Bit Inserts, Sensors, Sucker Rods, Gas Compression, Specialty Bearings 23
  • 24. FLUIDMANAGEMENT FLUID SOLUTIONS Revenue $ in millions $700 $600 $500 YTD +8% $400 $300 $200 $100 $0 2004 2005 2006 2007 Service Station Equipment, Hydraulic Pumps and Valves, Dispensing Equipment 24
  • 25. ELECTRONICTECHNOLOGIES Revenue Earnings $ in millions $1,500 $300 $1,200 $240 YTD $900 $180 -5% $600 $120 $300 $60 -24% $0 $0 2004 2005 2006 2007 25
  • 26. ELECTRONICTECHNOLOGIES Bookings $ in millions $1,500 $1,200 YTD $900 -11% $600 $300 $0 2004 2005 2006 2007 Acoustic, Microwave, Ceramic, Frequency Control Components; 26 Electronic Test, Material Deposition and Soldering Tools
  • 27. Public Disclosure INDUSTRIALPRODUCTS ENGINEEREDSYSTEMS FLUIDMANAGEMENT ELECTRONICTECHNOLOGIES Segment (Quarterly & Annual) Revenue, earnings, bookings, backlog , operating margins Growth components: organic, acquisitions, currency Platform (Quarterly & Annual) Revenue, bookings, backlog Comparative earnings trends High Level Qualitative Commentary Acquisition and Divestiture Activity 27
  • 28. Sharpening Our Focus New Organizational Structure Will Make a Difference Operational improvements Facilitates expanded synergies & best practices Focuses acquisition activity Expanded oversight provides advancement opportunities Provides clarity and simplifies Dover for investors Performance improvements PERFORMANCECOUNTS is driving world-class improvements Unique Culture Will be Retained Source of competitive advantage Allow experts to run their business Synergistic Activities Expected to Improve Operational Earnings 4% - 6% Over Two-Year Period 28
  • 29. Refining Our Structure to Enhance Our Performance 29