Snap-on Incorporated Names William H. Pfund Vice President, Investor Relations

KENOSHA, Wis. - May 14, 1999 - Snap-on Incorporated announced today that it has named William H. Pfund vice president, investor relations. He will be responsible for investor relations, and internal and external corporate communications.

Pfund brings to Snap-on extensive investor relations and communications experience from major corporations. Pfund most recently was vice president, investor relations and corporate communications for Rubbermaid Incorporated in Wooster, Ohio. Prior to joining Rubbermaid, Pfund served as managing director of The P.L. Thomas Group in Chicago.

Pfund holds a bachelor of arts degree in economics from Princeton University.

Snap-on Incorporated (NYSE: SNA) is a $1.8 billion leading global developer, manufacturer, and distributor of tool and equipment solutions for professional technicians, motor service shop owners, specialty repair centers, original equipment manufacturers, and industrial tool users worldwide. Product lines include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software, and other solutions for the automotive service industry.

Media contact:
Richard Secor
414/656-5561