Snap-on Incorporated Declares Quarterly Dividend

KENOSHA, Wis., Oct 26, 2001 (BUSINESS WIRE) -- The Snap-on Incorporated (NYSE: SNA) board of directors declared today a fourth-quarter dividend of 24 cents per share, payable December 10, 2001, to shareholders of record on November 19, 2001. The corporation has paid consecutive quarterly cash dividends since 1939.

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.

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

URL:              www.snapon.com
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