Snap-on Incorporated Declares Quarterly Dividend

KENOSHA, Wis.--April 27, 2006--The Snap-on Incorporated board of directors declared today a second-quarter dividend of $0.27 per share, payable June 9, 2006, to shareholders of record on May 1, 20069, 2006. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tool, diagnostics 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 $2.4 billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 11,600 people worldwide.

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