Dividend Declaration

Caterpillar Inc
12 December 2007


December 12, 2007



FOR IMMEDIATE RELEASE

                    Caterpillar Inc. Maintains Dividend Rate

PEORIA, IL - The Board of Directors of Caterpillar Inc. (NYSE: CAT)
today declared a quarterly cash dividend of thirty-six cents ($0.36) per share
on its common stock, payableFebruary 20, 2008, to stockholders of record at the
close of business January 22, 2008.

'All of Team Caterpillar is focused on improving safety, quality,
velocity and profitability which enable Caterpillar to continue its long history
of rewarding stockholders with quarterly dividends,' said Caterpillar
Chairman and Chief Executive Officer Jim Owens.

The $0.36 dividend maintains the dividend rate for the previous quarter and is
20 percent higher than the dividend paid one year ago.  Caterpillar has paid a
dividend every quarter since November 1933 (297 consecutive quarters) and has
paid higher dividends in each of the last 14 years.

For more than 80 years, Caterpillar Inc. has been making progress possible and
driving positive and sustainable change on every continent. With 2006 sales and
revenues of $41.517 billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines and industrial
gas turbines. The company also is a leading services provider through
Caterpillar Financial Services, Caterpillar Remanufacturing Services,
Caterpillar Logistics Services and Progress Rail Services. More information is
available at http://www.cat.com/.

SAFE HARBOR
Certain statements in this release relate to future events and expectations and
as such constitute forward-looking statements involving known and unknown
factors that may cause actual results of Caterpillar Inc. to be different from
those expressed or implied in the forward-looking statements. In this context,
words such as 'will' and 'expect' or other similar words and phrases often
identify forward-looking statements made on behalf of Caterpillar. It is
important to note that actual results of the company may differ materially from
those described or implied in such forward-looking statements based on a number
of factors and uncertainties, including, but not limited to, changes in economic
conditions; currency exchange or interest rates; political stability; market
acceptance of the company's products and services; significant changes in the
competitive environment; epidemic diseases; changes in law, regulations and tax
rates; and other general economic, business and financing conditions and factors
described in more detail in the company's Form 10-K filed with the Securities
and Exchange Commission on February 23, 2007. This filing is available on our
website at http://www.cat.com/sec_filings. We do not undertake to update our
forward-looking statements.




                      This information is provided by RNS
            The company news service from the London Stock Exchange