Cummins Inc. Declares Quarterly Common Stock Dividend

COLUMBUS, Ind.--July 13, 2004--The Board of Directors of Cummins Inc. today declared a quarterly common stock cash dividend of 30 cents per share, payable on Sept. 1, 2004 to shareholders of record on August 18, 2004.

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through more than 680 company-owned and independent distributor locations in 137 countries and territories.

Cummins also provides service through a dealer network of more than 5,000 facilities in 197 countries. With more than 24,000 employees worldwide, Cummins reported sales of $6.3 billion in 2003.