FRANKLIN ELECTRIC DECLARES PAYMENT OF QUARTERLY CASH DIVIDEND AND ANNOUNCES AN INCREASE TO ITS STOCK REPURCHASE PROGRAM

Fort Wayne, Indiana, August 3, 2015 – Gregg C. Sengstack, Chairman of the Board and Chief Executive Officer of Franklin Electric Co., Inc. (NASDAQ:FELE), announced that the Board of Directors declared a quarterly cash dividend of $.0975 per share payable August 20, 2015 to shareowners of record on August 10, 2015.

The Company’s Board of Directors also approved a stock repurchase program, authorizing the Company to repurchase up to 3,000,000 shares of outstanding common stock.

The Board of Directors had previously authorized a share repurchase program under which the remaining authorized amount is approximately 535,000 shares. The Company intends to complete the existing repurchase program before repurchasing shares under the new program.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

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