InformationWeek Magazine Recognizes Snap-on Incorporated for Innovation in Technology and Organizational Innovation

KENOSHA, Wis.--(BUSINESS WIRE)--Oct. 6, 2003--Snap-on Incorporated (NYSE: SNA) was recognized by InformationWeek magazine as one of the most innovative companies in providing technology to improve the customer experience. Snap-on was ranked No. 11 in InformationWeek's listing of the 500 leading business users of technology and No. 1 in the manufacturing sector. This is Snap-on's fifth consecutive year in the top 25, and Snap-on has been named No. 1 in manufacturing four out of the last five years.

The InformationWeek 500 has tracked the IT practices of the nation's largest and most innovative IT organizations for 15 years. The annual study identifies the best technology and business practices of companies that demonstrate patterns of technological, procedural and organizational innovation. Core areas of operations are examined, including IT budgets, technology deployment, E-business, customer knowledge, infrastructure, and business and technology strategies.

Snap-on's founders established a culture dedicated to searching for new, productive solutions to meet customer needs. This culture is reflected in the InformationWeek recognition. "As we progress further in the implementation of our Driven to Deliver(TM) strategy, Snap-on is committed to providing additional innovative technology solutions to our business partners and customers that help them improve productivity and achieve greater success," said Al Biland, vice president - chief information officer and president - diagnostics and information group.

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tool, diagnostic and equipment solutions for professional tool users. Product lines include hand and power tools, diagnostics and shop equipment, tool storage, diagnostics software and other solutions for vehicle-service, industrial, government and agricultural customers, and commercial applications, including construction and electrical. Products are sold through its franchised dealer van, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 12,800 people worldwide.

    For additional information on Snap-on, visit www.snapon.com or:

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

SOURCE: Snap-on Incorporated