July 10, 2003

Ingersoll-Rand Schedules Conference Call and Webcast Relating to Its 2003 Second-quarter Financial Results

Hamilton, Bermuda, July 10, 2003 - Ingersoll-Rand Company Limited (NYSE: IR), a leading diversified industrial firm, announced today that it expects to release second-quarter 2003 financial results on Thursday, July 17, 2003, at 7:00 a.m. Eastern Time.

On the same day, Herbert L. Henkel, IR chairman, president and chief executive officer, and Timothy R. McLevish, senior vice president and chief financial officer, will host a conference call for analysts and institutional investors, beginning at 10:00 a.m. Eastern Time, to review the company's quarterly results.

A real-time, listen-only webcast of the conference call will be broadcast live over the Internet. Individuals wishing to listen can access the call through the company's website at www.irco.com.

For those unable to listen to the live event, a replay will be available soon after the conference call on IR's website, or by telephone beginning approximately at 2:00 p.m. Eastern Time on July 17, 2003, by dialing (888) 203-1112, passcode 719694. The replay by telephone will be available until July 24, 2003.

Ingersoll-Rand is a leading innovation and solutions provider for the major global markets of Security and Safety, Climate Control, Industrial Solutions and Infrastructure. The company's diverse product portfolio encompasses such leading industrial and commercial brands as Schlage locks and security solutions; Thermo King transport temperature control equipment; Hussmann commercial and retail refrigeration equipment; Bobcat compact equipment; Club Car golf cars and utility vehicles; PowerWorks microturbines; Ingersoll-Rand industrial and construction equipment, Dresser-Rand turbomachinery; and Kryptonite portable security products. In addition, IR offers products and services under many more premium brands for customers in industrial and commercial markets. Further information on IR can be found on the company's web site at www.irco.com.

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