Snap-on Incorporated Appoints James P. Holden to Board of Directors

KENOSHA, Wis.--(BUSINESS WIRE)--July 9, 2007--Mr. James P. Holden has been appointed to the board of directors of Snap-on Incorporated (NYSE: SNA), a global leader in tools, diagnostics and equipment.

Mr. Holden, 56, served 27 distinguished years in the automotive industry, including 19 years with DaimlerChrysler and its predecessor, Chrysler Corporation. He was most recently president and chief executive officer of DaimlerChrysler Corporation until 2000. DaimlerChrysler Corporation is the U.S. legal entity and a subsidiary of DaimlerChrysler AG, one of the world's largest automakers.

He was elected non-executive chairman of the board of directors of Meridian Automotive Systems, Inc. in March of 2007. He is also a director of SMobile Systems, Sirius Satellite Radio, Inc. and Speedway MotorSports, Inc.

"We are pleased to have Jim Holden join our board," said W. Dudley Lehman, Snap-on director and chair of the Corporate Governance and Nominating Committee. "He brings tremendous automotive and technology experience that will benefit Snap-on as it continues to execute its growth strategies."

Snap-on believes Mr. Holden meets the independence requirements of the New York Stock Exchange. His appointment increases the Snap-on board to 12 members. He will join the class of directors with terms expiring at the 2010 Annual Meeting.

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users. Product lines include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle manufacturers, dealerships and repair centers, as well as customers in industry, government, agriculture and construction. Products are sold through its franchisees, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2.5 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

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

CONTACT: Snap-on Incorporated
Investors
Martin M. Ellen
262-656-6462
or
Media
Richard Secor
262-656-5561

SOURCE: Snap-on Incorporated