Medtronic Board Elects William Hawkins as President and CEO

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Michael F. DeMane Elected COO

MINNEAPOLIS, Aug. 23, 2007 – The board of directors of Medtronic, Inc. (NYSE: MDT), today elected William A. Hawkins to the position of president and chief executive officer, and Michael F. DeMane to the position of chief operating officer. Arthur D. Collins, Jr., remains as chairman of the board.

Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health and extending life for millions of people around the world.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic’s Annual Report on Form 10-K for the year ended April 27, 2007. Actual results may differ materially from anticipated results.

Source: Medtronic, Inc.

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