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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;NOTE 21: SUBSEQUENT EVENTS&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;On March&amp;#160;26, 2010, Cooper announced that it entered into a Framework Agreement with Danaher
   Corporation to create a joint venture combining Cooper&amp;#8217;s Tools business with certain Tools
   businesses from Danaher&amp;#8217;s Tools and Components Segment (the &amp;#8220;Joint Venture&amp;#8221;). On July&amp;#160;6, 2010,
   Cooper announced the completion of the Joint Venture, named Apex Tool Group, LLC. Cooper and
   Danaher each own a 50% interest in the Joint Venture, have equal representation on its Board of
   Directors and have a 50% voting interest in the Joint Venture. At completion of the transaction in
   July&amp;#160;2010, Cooper deconsolidated the Tools business assets and liabilities contributed to the Joint
   Venture and recognized Cooper&amp;#8217;s 50% ownership interest as an equity investment. Beginning in the
   third quarter of 2010, Cooper will recognize its proportionate share of the Joint Venture&amp;#8217;s
   operating results using the equity method. Recording the joint venture investment in 2010 at its
   fair value of $480&amp;#160;million resulted in a pretax loss of $134.5&amp;#160;million related to the transaction
   that Cooper recognized in the second quarter of 2010.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In conjunction with the announcement of the Tools joint venture and certain changes in
   Cooper&amp;#8217;s management structure in the first quarter of 2010, Cooper modified its disclosures related
   to segment activities. See Note 15 of the Notes to Consolidated Financial Statements.
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      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 5
 -Paragraph 11

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