Dividend Payments, Dividend Reinvestment Program and Direct Stock Purchases

Dividend payments on common stock are paid quarterly following declaration by the Board of Directors. Payment dates for 2008 are:

* Date is tentative
** Amount not declared

Investors Choice - Dividend Reinvestment & Direct Stock Purchase and Sale Plan

Lubrizol offers shareholders and other interested investors an opportunity to purchase shares of common stock and to reinvest cash dividends in additional shares of common stock. Some key benefits of the program are:

• It offers a convenient and economical means to become a shareholder or buy additional shares.
• You have the option of reinvesting cash dividends by purchasing additional common stock with your dividends directly through the plan.
• You may sell or transfer shares of common stock held in your plan account.
• Certificates for Lubrizol shares that you own outside of this program may be deposited with American Stock Transfer & Trust Company for safekeeping. The shares will be held in your plan account.
• You may withdraw some or all of your shares and receive a certificate at any time.

Interested investors may apply for enrollment online at www.investpower.com (select Lubrizol from the menu and choose "Invest Now") or contact our transfer agent:

American Stock Transfer & Trust Company
P.O. Box 922
Wall Street Station
New York, New York 10269-0560
Phone: 1-877-573-3998 (toll free)
www.investpower.com