MAY-02-2006

Conference Call on Second Quarter Earnings

A conference call is scheduled for Monday, May 15th at 10:00 AM CDT. Bill Mansfield and Paul Reyelts will discuss Valspar's press release on second quarter earnings.

The call can be heard live over the internet at Valspar's website (www.valspar.com). Those unable to participate during the live broadcast can also access an archive of the web cast on the Valspar website.

In the event it is not possible for you to listen to the conference call, there will be a taped replay that you can listen to from 1:30 PM on May 15th through midnight May 19th. To do so, dial 1-800-475-6701 in the U.S., or 320-365-3844 outside the U.S. The access code is 828159.