Dividend Declaration

Caterpillar Inc
10 April 2008







                                                       April 9, 2008



FOR IMMEDIATE RELEASE

                    Caterpillar Inc. Maintains Dividend Rate

PEORIA, IL - Citing significant demand in key markets and the strength
in its global business, 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, payable May 20, 2008, to stockholders of record at the
close of business April 21, 2008.

'Global energy and mining markets as well as large infrastructure
projects in emerging economies are continuing to drive record results for
Caterpillar,' said Caterpillar Chairman and Chief Executive Officer Jim
Owens.  'We are investing in expanded capacity to support our growth
opportunities, repurchasing shares, paying higher dividends and maintaining our
sound credit rating.  Recent economic turbulence creates challenges, but our
global business diversity is serving us well.'

The $0.36 dividend maintains the dividend rate of 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 (298 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 2007 sales and
revenues of $44.958 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,' 'expect,' 'anticipate' 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 22, 2008. This filing is available on our website at 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           LFFVZBZBBL