AUG-16-2006

Valspar Declares Dividend

MINNEAPOLIS, MINNESOTA - The Board of Directors of The Valspar Corporation (NYSE-VAL), at its meeting on August 16, 2006 declared a quarterly dividend of 11¢ per share, payable October 13, 2006 to all common stockholders of record on October 2, 2006.

Valspar is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.

Valspar shares are traded on the New York Stock Exchange under the symbol VAL. Valspar news releases and other investor information are available on the Internet at www.valspar.com.

Contact: Lori A. Walker, Vice President, Treasurer and Controller
The Valspar Corporation
(612) 375-7350