Snap-on Incorporated Re-elects Directors; Quarterly Dividend Declared

KENOSHA, Wis. - April 23, 1999 - Snap-on Incorporated shareholders re-elected four directors to the corporation’s board of directors: Donald W. Brinckman, founder and former chairman of the board and chief executive officer of Safety-Kleen Corporation; George W. Mead, chairman of the board and retired chief executive officer of Consolidated Papers, Inc.; Richard F. Teerlink, retired chairman of the board of Harley-Davidson, Inc.; and Branko M. Beronja, executive vice president of Snap-on. All will serve for terms expiring at the 2002 annual meeting.

The board of directors declared a second-quarter dividend of 22 cents per share, payable June 10, 1999, to shareholders of record May 20, 1999. Snap-on has paid consecutive quarterly cash dividends since 1939.

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.

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Richard Secor
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