ITW Directors Declare Quarterly Dividend

GLENVIEW, Ill., Feb. 14 -- The board of directors of Illinois Tool Works Inc., at their meeting today, declared a regular quarterly cash dividend of 23 cents per share or 92 cents per share on an annual basis. This dividend will be paid on Monday, April 21, 2003 to stockholders of record Monday, March 31, 2003.

ITW is a $9.5 billion diversified manufacturer of highly engineered components and industrial systems and consumables. The Company consists of approximately 600 decentralized operations in 44 countries and employs approximately 48,700 people.