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Barnes Group Declares An Increasein Dividend

17 July 1998

Barnes Group Declares An Increase Of 6.8 Percent In Its Regular Quarterly Dividend Over 1997

    BRISTOL, Conn.--July 17, 1998--Directors of Barnes Group Inc. today declared an increase in the cash dividend to 18 cents per share on its common stock for the third quarter of 1998, payable Sept. 10, 1998, to stockholders of record Sept. 1, 1998. The Company had 20,146,285 shares outstanding as of the date of declaration.
    The total annual dividend for 1998 will be 69.4 cents per share, an increase of 6.8 percent over the annual dividend of $.65 cents per share paid in 1997.
    Barnes Group Inc. , a $650-million diversified international company based in Bristol, Conn. is a leading manufacturer of precision springs and complex metal components for industrial, automotive and aerospace markets, and a major distributor of maintenance, repair and replacement MRO products to industrial and transportation markets.

Quarterly Dividends     1st      2nd      3rd      4th     Total

         1998         $0.167   $0.167    $0.18

         1997(A)      $0.15    $0.167    $0.167   $0.167   $0.651

(A) Adjusted for the 3-for-1 stock split, effective April 1997.

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