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    &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Note 8. Shareholders&amp;#8217; Equity&lt;/b&gt;
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    &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;At June&amp;#160;30, 2010, Cooper Industries plc had 166,743,287 common shares, $.01 par value issued
    and outstanding compared to 167,316,595 common shares, $.01 par value at December&amp;#160;31, 2009. During
    the first six months of 2010, Cooper issued 1,424,792 common shares primarily in connection with
    employee incentive and benefit plans and Cooper&amp;#8217;s dividend reinvestment program. During the first
    six months of 2010, Cooper Industries plc purchased 1,998,100 shares of treasury stock at an
    average price of $45.72 per share.
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    &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On February&amp;#160;12, 2008, Cooper&amp;#8217;s Board of Directors authorized the purchase of ten million
    shares of common stock. On February&amp;#160;9, 2009, Cooper&amp;#8217;s Board of Directors increased the share
    repurchase authorization by ten million shares. Cooper&amp;#8217;s Board has also authorized the repurchase
    of shares issued from time to time under its equity compensation plans, matched savings plan and
    dividend reinvestment plan in order to offset the dilution that results from issuing shares under
    these plans. For 2010, Cooper&amp;#8217;s current estimate is that 2.5&amp;#160;million shares would be issued under
    equity compensation plans. During the first six months of 2010, Cooper had repurchased 1,998,100
    shares under these Board of Directors authorizations. Cooper may continue to repurchase shares
    under these authorizations from time to time during 2010. The decision whether to do so will be
    dependent on the favorability of market conditions, as well as potential cash requirements for
    acquisitions and debt repayments. As of June&amp;#160;30, 2010, 12,973,935 shares remain available to be
    repurchased under the authorizations by the Board of Directors. Subsequent to June&amp;#160;30, 2010 and
    through the date of this filing, Cooper had repurchased an additional
    936,000 shares for
    approximately $42.3&amp;#160;million.
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