Win Right. These two words embody both our drive for success and our dedication to doing business led by the highest ethical standards. We are committed to building success by following practices of candor, integrity, trust and respect embraced by every employee. We would rather lose business for the right reasons than win for the wrong reasons.

Pentair`s Win Right culture is grounded in a written code of ethics, where clear goals are set, accountabilities are embraced and performance is rewarded. We focus on speed and rigor in our operations to produce superior results. Our leaders are in tune with their customers and the marketplace and with our employees. We value openness, informality and candid, conversational exchanges. We convey respect for our customers, employees, suppliers, shareholders and the communities in which we operate.

Originally written in the 1970s by Pentair`s founder, Murray Harpole, Pentair`s Code of Business Conduct and Ethics has governed our business and financial practices for more than thirty years.

Practicing the highest business, ethical and moral principles will fuel Pentair`s success and its value as a corporation. Times may have changed since Mr. Harpole first wrote the Code; Pentair`s values and guiding principles have not.

Through ongoing training, anonymous reporting of concerns, and regular employee surveys, we test our work against the principles of the Code. Our ongoing dedication to living out our shared values in our work is key to Pentair`s success.

Pentair`s Code of Business Conduct is the foundation for specific practices, policies and guidelines that determine how we conduct day-to-day business, and it remains Pentair`s cornerstone. It calls all employees to help:

Manage Pentair according to the highest business, ethical, moral and civic standards as a public company
Operate in a manner that earns the respect of our shareholders, employees, communities, customers, suppliers and all others with a stake in our success
Make Pentair a top-performing company, managed for the long-term benefit of all of our constituents

To help ensure that the Code remains our cornerstone, every employee, worldwide, receives a copy of our Code of Conduct when they join Pentair; the Code is available in every major language spoken by our employees (today, totaling 13 languages). Read the full text of Pentair`s Code of Business Conduct and Ethics.

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