Kimberly-Clark Announces 17.6 Percent Dividend Increase

DALLAS, February 24, 2004 - Kimberly-Clark Corporation (NYSE: KMB) today announced that its board of directors has approved the previously announced dividend increase of 17.6 percent in 2004. This will bring the quarterly dividend to 40 cents per share, up from 34 cents per share in 2003. The board of directors declared the dividend payable on April 2, 2004, to stockholders of record on March 5, 2004.

This follows last year's increase of 13.3 percent and marks the 32nd consecutive year Kimberly-Clark has raised its dividend.

"Today's announcement reflects K-C's solid balance sheet and confidence in our continuing ability to generate strong cash flow," said Thomas J. Falk, chairman and chief executive officer. "This increase provides our shareholders with a measure of real growth, and it is another step towards meeting our objective of delivering a top-tier dividend payout."

Kimberly-Clark and its well-known global 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. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 brand position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 132-year history of innovation, visit the Kimberly-Clark Web site at www.kimberly-clark.com.