Ecolab Increases Cash Dividend 12%

27th CONSECUTIVE ANNUAL CASH DIVIDEND RATE INCREASE

ST. PAUL, Minn.–(BUSINESS WIRE)–The Board of Directors of Ecolab Inc. declared a 12% increase in the
company’s quarterly cash dividend to $0.46 per common share, to be paid
January 15, 2019, to shareholders of record at the close of business on
December 18, 2018. This increase results in a new indicated annual cash
dividend of $1.84 per share in 2019 and represents Ecolab’s 27th
consecutive annual dividend rate increase.

Ecolab has paid cash dividends on its common stock for 82 consecutive
years.

Commenting on the increase, Douglas M. Baker, Jr., Ecolab’s chairman and
chief executive officer, said, “This double-digit cash dividend increase
reflects Ecolab’s strong 2018 business performance, our solid financial
position and excellent cash flow. We remain committed to enhancing total
shareholder returns through our sales and earnings growth as well as
cash dividends.”

About Ecolab
A trusted partner at nearly three million
customer locations, Ecolab (ECL) is the global leader in water, hygiene
and energy technologies and services that protect people and vital
resources. With annual sales of $14 billion and 48,000 associates,
Ecolab delivers comprehensive solutions, data-driven insights and
on-site service to promote safe food, maintain clean environments,
optimize water and energy use and improve operational efficiencies for
customers in the food, healthcare, energy, hospitality and industrial
markets in more than 170 countries around the world.

For more Ecolab news and information, visit www.ecolab.com.
Follow us on Twitter @ecolab or
Facebook at facebook.com/ecolab.

(ECL-D)

Contacts

Michael Monahan
651.250.2809

Andrew Hedberg
651.250.2185