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Precision Castparts Declares Dividend at Quarterly Board Meeting



Precision Castparts Declares Dividend at Quarterly Board Meeting

PORTLAND, Ore., Nov. 15, 2012 (GLOBE NEWSWIRE) -- The board of directors of
Precision Castparts Corp. (NYSE:PCP) has declared a quarterly cash dividend of
$0.03 per share on the company's common stock payable on December 31, 2012, to
shareholders of record at the close of business on December 7, 2012.

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex
metal components and products. It serves the aerospace, power, and general
industrial markets. PCC is the market leader in manufacturing large, complex
structural investment castings, airfoil castings, forged components,
aerostructures and highly engineered, critical fasteners for aerospace
applications. In addition, the Company is the leading producer of airfoil
castings for the industrial gas turbine market. PCC manufactures extruded
seamless pipe, fittings, forgings, and clad products for power generation and
oil & gas applications; commercial and military airframe aerostructures; and
metal alloys and other materials to the casting and forging industries.

Information included within this press release describing the projected growth
and future results and events constitutes forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of 1995. Actual
results in future periods may differ materially from the forward-looking
statements because of a number of risks and uncertainties, including but not
limited to fluctuations in the aerospace, power generation, and general
industrial cycles; the relative success of our entry into new markets;
competitive pricing; the financial viability of our significant customers; the
concentration of a substantial portion of our business with a relatively small
number of key customers; the impact on the Company of customer or supplier
labor disputes; demand, timing and market acceptance of new commercial and
military programs, including the Boeing 787; the availability and cost of
energy, raw materials, supplies, and insurance; the cost of pension and
postretirement medical benefits; equipment failures; product liability claims;
relations with our employees; our ability to manage our operating costs and to
integrate acquired businesses in an effective manner; misappropriation of our
intellectual property rights; governmental regulations and environmental
matters; risks associated with international operations and world economies;
the relative stability of certain foreign currencies; the impact of adverse
weather conditions or natural disasters; the availability and cost of
financing; and implementation of new technologies and process improvements.
Any forward-looking statements should be considered in light of these factors.
We undertake no obligation to update any forward-looking information to
reflect anticipated or unanticipated events or circumstances after the date of
this document.

Precision Castparts Corp.'s press releases are available on the Internet at
Globe Newswire's website – http://www.globenewswire.com or PCC's home page at
http://www.precast.com. If you wish to be removed from this list, please reply
to Unsubscribe@precastcorp.com.

The Precision Castparts Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8204

CONTACT: Dwight Weber, Director of Communications
         (503) 946-4855
         Website: http://www.precast.com

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