Kimberly-Clark Announces $2.1 Billion Financing

Dallas, July 26, 2007 - Kimberly-Clark Corporation (NYSE: KMB) today announced the execution of a $2.1 billion public debt offering to complete the financing of its previously announced $2.0 billion accelerated share repurchase.

The debt offering was comprised of $450 million 3-year floating rate notes due July 30, 2010, $950 million of 10-year notes due August 1, 2017 and $700 million of 30-year notes due August 1, 2037. The 3-year floating rate notes were priced at 100 percent of the principal amount and have an initial coupon of 5.46 percent. The interest rate payable on the notes will reset on a quarterly basis. The 10-year notes were priced at 99.697 percent of the principal amount to yield 6.166 percent. The 30-year notes were priced at 98.946 percent of the principal amount to yield 6.707 percent.

The public offering was underwritten by Citigroup Global Markets Inc., Lehman Brothers Inc. and J.P. Morgan Securities Inc.

Proceeds from the sale of the notes will be used to repay $2.0 billion of short-term borrowings initially used to fund the accelerated share repurchase program. The remaining proceeds will be used for general corporate purposes, including the partial refinancing of an August 2007 maturity.

About Kimberly-Clark

Kimberly-Clark and its well-known brands are an indispensable part of life for people in more than 150 countries. Every day, one in four people around the world trust K-C's brands to enhance their health, hygiene and well being – brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend. To keep up with the latest K-C news and to learn more about the company's 135-year history of innovation, visit www.kimberly-clark.com.