Snap-on's Equipment Solutions Group Recognized as a Top Supplier by American Honda Motor Co., Inc.

KENOSHA, Wis.--(BUSINESS WIRE)--Aug. 28, 2001--Snap-on Incorporated (NYSE: SNA) announced today that its Equipment Solutions group was named a recipient of the American Honda 2001 Premier Partner Award. The award is presented to Honda suppliers that demonstrate excellence in quality, value and customer service.

"We are honored that Equipment Solutions is receiving this prestigious award from Honda, a leading manufacturer of automobiles and engine-powered products," said Paul Tutskey, general manager of Snap-on's Equipment Solutions group. "Like Honda, Snap-on is committed to meeting and exceeding customer expectations."

Snap-on was one of 15 winners chosen from more than 1,500 eligible companies. Each supplier was evaluated on the following criteria: excellence in quality, cost and customer service, multiple nominations, project complexity and years of service. The Premier Partner program was established in 1998 to highlight quality and exceptional service by suppliers. This year's award recipients represent industries as diverse as rail transportation, software development, technical support services and advertising.

Snap-on Incorporated is a leading global developer, 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 products, diagnostics software and other solutions for transportation-service, industrial, government, education and agricultural customers, and other commercial applications, including construction and electrical. Products are sold through its franchised dealer van, company direct sales and distributor channels, and the Internet. Founded in 1920, Snap-on is a $2.2 billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 14,000 people worldwide.

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