Bandag Revises 1st Quarter Guidance

    MUSCATINE, Iowa, April 19 Bandag, Incorporated (NYSE: BDG and BDGA) today announced that it expects
first quarter earnings to be $.11 per diluted share and expects first quarter
sales to be down approximately 6.6% from first quarter 2000, both somewhat
lower than estimated in the Company's March 2, 2001 announcement.  In the
March 2, 2001 announcement, the Company estimated that first quarter earnings
would be in the range of $.13 to $.18 per diluted share, and that sales would
decline approximately 6.0% from first quarter 2000.  The primary reason for
the lower estimates was weaker than expected performance at the Company's
wholly-owned subsidiary, Tire Distribution Systems, Inc.
    Bandag, Incorporated manufactures retreading materials and equipment for
its worldwide network of nearly 1300 franchised dealers that produce and
market retread tires and provide tire management services.  Bandag's pilot
operation, Tire Management Solutions, Inc. (TMS), provides tire management
systems outsourcing for commercial truck fleets.  Tire Distribution Systems,
Inc. (TDS), also a wholly-owned subsidiary, sells and services new and retread
tires.
    This press release contains certain "forward-looking" statements that are
made pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements, which are based on
certain assumptions, describe future plans, strategies and expectations of
Bandag, and are identifiable in this press release by the use of the words "it
expects," and "expects."  These statements are based on management's current
projections, beliefs and opinions at the date of this press release. They
involve known and unknown risks and uncertainties, which may cause the actual
results in the future to differ materially from expected results.  The
Company's ability to predict results or the actual effect of future plans or
strategies is inherently uncertain.  The "forward-looking" statements could be
affected by greater than expected weakness at Tire Distribution Systems, Inc.