Trane Leader Named ASHRAE Distinguished Service Award Winner

Piscataway, NJ, April 14, 2008 – Trane Applications Engineering Manager Mick Schwedler is being honored with the American Society of Heating, Refrigerating and Air-Conditioning Engineers’ (ASHRAE) Distinguished Service Award.

The award recognizes members who have served the society faithfully and with distinction. It will be presented to Schwedler at ASHRAE’s annual meeting on June 21 in Salt Lake City.

Schwedler has been an active member of the Society for more than 20 years. He was instrumental in helping update the ASHRAE Energy Standard for Buildings except Low-Rise Residential Buildings, Standard 90.1, and is now the chair of the project committee for the standard.

This ASHRAE standard is important because it is an objectively determined consensus of the building industry and sets the standards that determine many local energy building codes throughout the United States.

Schwedler also has served ASHRAE as Chair of Technical Committee 1.5 on Computer Applications, and as a member of the Professional Development Committee. He is a contributor to the “ASHRAE GreenGuide: The Design, Construction and Operation of Sustainable Buildings, 2nd edition.”

ASHRAE, founded in 1894, is an international organization of some 50,000 persons. ASHRAE fulfills its mission of advancing heating, ventilation, air conditioning and refrigeration to serve humanity and promote a sustainable world through research, standards writing, publishing and continuing education.

About Trane

Trane Inc. (NYSE: TT) provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions. The company’s HVAC systems and services have leading positions in premium commercial, residential, institutional and industrial markets; a reputation for reliability, high quality and product innovation; and a powerful distribution network. Trane’s 2007 annual revenues were approximately $7.45 billion and the company has about 29,600 employees worldwide. For more information, visit these Web sites: www.trane.com and www.americanstandardair.com.

On Feb.1, 2007, Trane, then known as American Standard Companies and traded on the New York Stock Exchange (NYSE) under the symbol “ASD,” announced plans to separate its three businesses. On July 31, 2007, the company completed the spinoff of its Vehicle Control Systems business as an independent company known as WABCO (NYSE:WBC). On Oct. 31, 2007, the company sold its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC. On Nov. 28, 2007, the company changed its name to Trane to reflect its focus on its remaining business, Air Conditioning Systems and Services. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR). The agreement is expected to be finalized in the second quarter of 2008.