Snap-on Incorporated Declares Quarterly Dividend

KENOSHA, Wis. - January 22, 1999 - The Snap-on Incorporated board of directors declared today a first quarter dividend of 22 cents per share, payable March 10, 1999, to shareholders of record on February 17, 1999. The corporation has paid consecutive quarterly cash dividends since 1939.

Snap-on Incorporated (NYSE: SNA) is a $1.7 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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