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News Release

Medtronic Named to Dow Jones Sustainability Index and FTSE4Good Index

Medical Device Leader Recognized for Corporate Sustainability

MINNEAPOLIS – Sept. 16, 2008 – Recognizing its leadership in meeting the needs of economic, environmental, and social stakeholders, Medtronic, Inc. (NYSE: MDT) has been named a member company in the Dow Jones Sustainability Index (DJSI) for North America and the FTSE4Good Index Series.

“We are honored to be selected for inclusion in these sustainability investment indexes,” said Bill Hawkins, chairman and chief executive officer of Medtronic. “As outlined in our inaugural Corporate Responsibility Report, we want to be recognized as a company of the highest integrity, a good corporate citizen of the communities and countries where we do business. Promoting a sustainable world is vital to our future, advancing the Medtronic Mission, and creating long-term sustainable value for all of our stakeholders.”

Medtronic’s 2008 Corporate Responsibility Report, “Advancing our Stewardship,” can be accessed at http://www.medtronic.com/about-medtronic/corporate-responsibility.

The Dow Jones Sustainability Index identify best-in-class companies through an integrated assessment of economic, environmental and social criteria with a strong focus on long-term shareholder value, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. Currently 70 DJSI licenses are held by asset managers in 16 countries to manage a variety of financial products including active and passive funds, certificates and segregated accounts. In total, these licensees presently manage close to $6 billion based on the DJSI. For more information about the DJSI, visit http://www.sustainability-indexes.com.

The FTSE4Good Index Series has been designed to measure the performance of companies that meet globally recognized corporate responsibility standards, and to facilitate the investment in those companies. It is calculated by the global index provider FTSE Group. For more information about the FTSE4Good Index Series, visit http://www.ftse.com/ftse4good.

About Medtronic

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 25, 2008. Actual results may differ materially from anticipated results.

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