Snap-on Incorporated Declares Quarterly Dividend

KENOSHA, Wis.--(BUSINESS WIRE)--Jan. 26, 2001-The Snap-on Incorporated (NYSE: SNA) board of directors declared today a first-quarter dividend of 24 cents per share, payable March 9, 2001, to shareholders of record on February 16, 2001. 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 franchised 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.

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

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