Goodyear Declares Dividend on 5.875% Preferred Stock

August 2, 2011

AKRON, Ohio, August 2, 2011 – Directors of The Goodyear Tire & Rubber Company today declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock.  The dividend is payable October 1, 2011, to shareholders of record on September 15, 2011.  The payout represents an annual rate of $2.9375 per share.

Goodyear is one of the world’s largest tire companies.  It employs approximately 73,000 people and manufactures its products in 54 facilities in 22 countries around the world.  Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.  For more information about Goodyear and its products, go to www.goodyear.com.