News Release

Snap-on Incorporated Appoints Lars Nyberg, NCR Corporation Chairman and CEO, to Board of Directors

KENOSHA, Wis., Mar 4, 2002 (BUSINESS WIRE) -- Lars Nyberg, chairman and chief executive officer of NCR Corporation, has been appointed to the board of directors of Snap-on Incorporated (NYSE: SNA), a global leader in tools, diagnostics and equipment.

Mr. Nyberg, 50, joined NCR in 1995 and led the transformation of NCR from a manufacturing company to a technology solutions provider. NCR, headquartered in Dayton, Ohio, is a $5.9 billion leading provider of Relationship Technology(TM) solutions, including the Teradata(R) database and analytical solutions, automated teller machines (ATMs), and store automation systems.

Prior to joining NCR, Mr. Nyberg held a number of positions with Philips Electronics NV, including chairman and CEO of Philips Communications Systems Division.

Mr. Nyberg is also a director of The Sandvik Group, a Sweden-based manufacturer of industrial tools, machinery and metals. He is a member of the Computer Systems Policy Project, a public policy advocacy group composed of the chairmen and chief executive officers from America's leading information technology companies.

"We are very pleased that Lars Nyberg has joined our board," said Roxanne J. Decyk, Snap-on director and chairperson of the board affairs and nominating committee. "He has had first-hand experience in leading a company through transformation, experience that is valuable as Snap-on continues to expand to additional channels and new markets."

The appointment of Mr. Nyberg increases the Snap-on board to 12 members.

"Through Mr. Nyberg's leadership, NCR is a recognized leader in ATMs, and data warehouse and store automation solutions," said Dale F. Elliott, Snap-on president and chief executive officer. "His experience in information architecture and the analytical applications that convert data into actionable information will benefit Snap-on as we continue to apply technology to support and enhance relationships with our expanding worldwide customer base."

Snap-on Incorporated is a leading global innovator, 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, diagnostics software and other solutions for vehicle-service, industrial, government and agricultural customers, and commercial applications, including construction and electrical. Products are sold through its franchised dealer van, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 13,500 people worldwide.

CONTACT:
Snap-on Incorporated
Richard Secor, 262/656-5561 (Media) or
William Pfund,
262/656-6488 (Investors) URL: www.snapon.com