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                                  EXHIBIT 99.1


FOR FURTHER INFORMATION, CONTACT:

LINDSAY MANUFACTURING:                           HALLIBURTON INVESTOR RELATIONS:
Bruce C. Karsk             David Downing         Jeff Elliott or Geralyn DeBusk
EVP, Treasurer and         VP and CFO            972-458-8000
Secretary                  402-827-6235
402-829-6803


                    LINDSAY MANUFACTURING DECLARES DIVIDEND;
              ANNUAL INDICATED RATE INCREASED 9% TO $0.24 PER SHARE

OMAHA, NEB., JULY 12, 2005--LINDSAY MANUFACTURING CO. (NYSE: LNN), a leading
manufacturer of center pivot, lateral move, and hose reel irrigation systems,
announced today that its Board of Directors has declared a 9 percent increase in
its regular quarterly cash dividend to $0.06 per share, payable August 31, 2005,
to shareholders of record on August 15, 2005. The regular quarterly cash
dividend was previously $0.055 per share. The new annual indicated rate is $0.24
per share, up from an annual indicated rate of $0.22 per share.

Rick Parod, Lindsay's president and chief executive officer, stated, "Lindsay
continues to have strong free cash flow, financial flexibility, and a healthy
long-term outlook, which form the cornerstone of our strategy to use these
resources to deliver growth and value to shareholders through multiple avenues.
We will continue to use a balanced approach that includes organic growth
opportunities, accretive strategic acquisitions, share repurchases and dividend
payments."

ABOUT THE COMPANY
Lindsay manufactures and markets Zimmatic, Greenfield, Stettyn and Perrot center
pivot, lateral move and hose reel irrigation systems and GrowSmart controls, all
of which are used by farmers to increase or stabilize crop production while
conserving water, energy, and labor. The Company also produces large diameter
steel tubing and provides outsourced manufacturing and production services for
other companies. At May 31, 2005, Lindsay had approximately 11.5 million shares
outstanding, which are traded on the New York Stock Exchange under the symbol
LNN.

FOR MORE INFORMATION REGARDING LINDSAY MANUFACTURING CO., SEE LINDSAY'S WEB SITE
AT www.lindsaymanufacturing.com


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