Baxter Declares Quarterly Dividend

Baxter Declares Quarterly Dividend

<0> Baxter International Inc.Deborah Spak, (224) 948-2349orMary Kay Ladone, (224) 948-3371Clare Trachtman, (224) 948-3085 </0>

The Board of Directors of Baxter International Inc. (NYSE:BAX) today declared a quarterly dividend of $0.45 per Baxter common share. The dividend is payable on January 3, 2013 to shareholders of record as of December 7, 2012.

This represents an annual dividend rate of $1.80 per share. In July, Baxter increased its dividend rate 34 percent.

Baxter continues to generate strong cash flow and has returned significant value to shareholders in the form of dividends and share repurchases. Over the last five years (2007-2011), Baxter has generated an average of $2.7 billion in cash flow annually and has returned more than $11.4 billion cumulatively to shareholders through dividends and share repurchases.

Baxter International Inc., through its subsidiaries, develops, manufactures and markets products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. As a global, diversified healthcare company, Baxter applies a unique combination of expertise in medical devices, pharmaceuticals and biotechnology to create products that advance patient care worldwide.

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