Cincinnati Financial Declares Regular Dividend

August 20, 2003

Insurance holding corporation Cincinnati Financial Corp. announced that at its regular meeting on August 15, 2003, the board of directors declared a 25 cents per share regular quarterly dividend payable Oct. 15, 2003, to shareholders of record on Sept. 24, 2003. The indicated annual dividend is $1 per share.

“Cincinnati Financial’s consistent dividend payments and 42 years of annual increases have provided a steady stream of income for our shareholders,” CEO John J. Schiff Jr. said. “The board’s action demonstrates our favorable outlook and belief that positive operating trends should allow our shareholders to enjoy this consistency into the future.”

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