Snap-on Declares Quarterly Dividend

KENOSHA, Wis.--(BUSINESS WIRE)--Oct. 27, 2000--The Snap-on Incorporated (NYSE: SNA) board of directors declared today a fourth-quarter dividend of 24 cents per share, payable December 11, 2000, to shareholders of record on November 20, 2000. The corporation has paid consecutive quarterly cash dividends since 1939.

Snap-on Incorporated is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. Product lines include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software and other solutions for the transportation service, industrial, government, education, agricultural, and other commercial applications, including construction and electrical. Products are sold through its franchise dealer van, company direct sales and distributor channels. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin and employs approximately 14,000 worldwide.

Visit our web site at: www.snapon.com

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CONTACT:	Snap-on Incorporated
	Media contact:
	Richard Secor, 262/656-5561
	Investor contact:
	Bill Pfund, 262/656-6488