ITT to Release 2012 Fourth-Quarter and Full-Year Results, and 2013 Outlook on Feb. 27

  ITT to Release 2012 Fourth-Quarter and Full-Year Results, and 2013 Outlook
  on Feb. 27

 Company announces previous divestiture of shape cutting product lines to be
             reported in discontinued operations in 2012 results

Business Wire

WHITE PLAINS, N.Y. -- February 1, 2013

ITT Corporation (NYSE: ITT) will release its fourth-quarter and full-year 2012
financial results, as well as its outlook for full-year 2013 financial
performance, at 7 a.m. EST, Wednesday, Feb. 27, 2013. At 9 a.m. EST, senior
management will review financial and operating results, comment on current
conditions and answer questions during an investor briefing.

ITT also announced that the divestiture of its shape cutting product lines in
late 2012 will be reported in discontinued operations in the fourth-quarter
and full-year 2012 results and all future reporting periods, and should be
excluded from the previously issued full-year 2012 adjusted earnings per share
guidance. The company’s previously issued guidance also excluded any impact
from the Bornemann Pump acquisition closed in the fourth quarter of 2012.

At the time of its fourth-quarter earnings release on Feb. 27, 2013, the
company will provide historical financial results adjusted for the move of the
shape cutting product lines, which were part of its Control Technologies
business, to discontinued operations.

The briefing can be accessed live by calling +1 (706) 643-7542 (ID#: 86180522)
or at the following address on the company’s website: www.itt.com/investors.

A replay of the briefing will be available on the website and telephonically
from two hours after the webcast until Wednesday, March 6, 2013, at midnight.
The telephone replay is available by calling (800) 585-8367 (ID#: 86180522).

About ITT

ITT is a diversified leading manufacturer of highly engineered critical
components and customized technology solutions for the energy, transportation
and industrial markets. Building on its heritage of innovation, ITT partners
with its customers to deliver enduring solutions to the key industries that
underpin our modern way of life. Founded in 1920, ITT is headquartered in
White Plains, N.Y., with employees in more than 35 countries and sales in a
total of approximately 125 countries. The company generated 2011 revenues of
$2.1 billion. For more information, visit www.itt.com.

Contact:

ITT Corporation
Investors:
Melissa Trombetta, +1-914-641-2030
melissa.trombetta@itt.com
or
Media:
Kathleen Bark, +1-914-641-2103
kathleen.bark@itt.com