Snap-on Notice of Earnings Release and Conference Call Webcast

KENOSHA, Wis.--(BUSINESS WIRE)--Jan. 15, 2002--Snap-on Incorporated (NYSE: SNA) expects to release 2001 fourth-quarter and year-end earnings on the morning of January 29, 2002. The press release will be available on the Company's Web site. Management will review the results via Webcast at www.snapon.com at 10:00 A.M. CDT.

To access the webcast, visit www.snapon.com, click on Investor Information and then on Presentations in the menu at the left. To ensure timely access, it is recommended that viewers go to the Web site at least ten minutes early to register and to download and install any necessary audio software. An archived replay will be available following the webcast for approximately 30 days.

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 billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 14,000 people worldwide.

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