McCormick to Adopt 10b5-1 Stock Repurchase Plan

SPARKS, Md., Aug 20, 2010 (BUSINESS WIRE) --

McCormick & Company, Incorporated (NYSE:MKC) announced today that the Company has entered into a pre-arranged stock repurchase plan to repurchase shares of its common stock as part of the Company's previously announced repurchase authorizations.

The stock repurchase plan will operate in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and consistent with McCormick's policies regarding stock repurchases. Under the Company's stock repurchase planand similar plans that the Company expects to enter into in the future, the Company may utilize a portion of the previously announced authorizations to repurchase shares of common stock during specified time periods concurrent with the end of the Company's fiscal quarters, at prevailing prices and subject to market conditions and other factors.

The shares that may be purchased under the stock repurchase plan will be included in the shares previously authorized by the Company's Board of Directors. As of August 20, 2010, $404 million is available under current repurchase authorizations, which have no expiration date.

Forward-looking Information

Certain information contained in this release, including expected trends in net sales and earnings performance, are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934.

Forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Results may be materially affected by external factors such as damage to our reputation or brand name, business interruptions due to natural disasters or similar unexpected events, actions of competitors, customer relationships and financial condition, the ability to achieve expected cost savings and margin improvements, the successful acquisition and integration of new businesses, fluctuations in the cost and availability of raw and packaging materials, and global economic conditions generally which would include the availability of financing, interest and inflation rates as well as foreign currency fluctuations and other risks described in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those projected in the forward-looking statements.

The Company undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future events or otherwise.

About McCormick

McCormick & Company, Incorporated (www.mccormickcorporation.com) is a global leader in the manufacture, marketing and distribution of spices, seasonings, specialty foods and flavors to the entire food industry - retail outlets, food manufacturers and food service businesses.

SOURCE: McCormick & Company, Incorporated

McCormick & Company, Incorporated
Corporate Communications:
John McCormick, 410-771-7110
john_mccormick@mccormick.com
or
Investor Relations:
Joyce Brooks, 410-771-7244
joyce_brooks@mccormick.com