3M Increases Dividend 16 Percent

Company Marks 60 Consecutive Years of Dividend Increases

ST. PAUL, Minn.–(BUSINESS WIRE)–The 3M Board of Directors (NYSE: MMM) today declared a dividend on the
company’s common stock of $1.36 per share for the first quarter of 2018,
a 16 percent increase over the quarterly dividend paid in 2017. The
dividend is payable March 12, 2018, to shareholders of record at the
close of business on Feb. 16, 2018.

“A strong, steady and rising dividend is a hallmark of our enterprise,”
said Inge G. Thulin, 3M chairman, president and chief executive officer.
“This increase reflects confidence in our ability to continue generating
premium returns in 2018 and beyond.”

The company has paid dividends to its shareholders without interruption
for more than 100 years.

As of Dec. 31, 2017, 3M had 594,884,237 common shares outstanding and
78,598 shareholders of record.

About 3M
At 3M, we apply science in collaborative ways to
improve lives daily. With $32 billion in sales, our 91,000 employees
connect with customers all around the world. Learn more about 3M’s
creative solutions to the world’s problems at www.3M.com
or on Twitter @3M or @3MNews.

Contacts

3M
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Tony
Riter, 651-733-1141
or
Media Contact:
Lori Anderson,
651-733-0831