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NEW YORK, July 30 /PRNewswire-FirstCall/ -- The Board of Directors of
The McGraw-Hill Companies (NYSE: MHP) today approved a regular quarterly
cash dividend on the Corporation's common stock. The dividend of $0.22 is
payable on September 10, 2008, to shareholders of record on August 26,
2008.

    The McGraw-Hill Companies has paid a dividend each year since 1937 and
is one of fewer than 30 companies in the S&P 500 that has increased its
dividend annually for the last 35 years. The annualized rate of $0.88 per
share, which includes a 7.3% increase approved by the Board in January of
2008, represents an average compound annual dividend growth rate of 10.3%
since 1974.

    Since 1996, the Corporation has returned approximately $8.8 billion to
shareholders through dividend payments and share repurchases.

    About The McGraw-Hill Companies:

    Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the financial
services, education and business information markets through leading brands
such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D.
Power and Associates. The Corporation has more than 280 offices in 40
countries. Sales in 2007 were $6.8 billion. Additional information is
available at http://www.mcgraw-hill.com.

    Homepage: http://www.mcgraw-hill.com

    Investor Relations: http://www.mcgraw-hill.com/investor_relations

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    Release issued: July 30, 2008