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Genuine Parts Company Announces Dividend

17 August 1998

Genuine Parts Company Announces New Board Member and Declares Regular Quarterly Dividend

    ATLANTA--August 17, 1998--Larry Prince, Chairman of the Board and Chief Executive Officer of Genuine Parts Company , announced the election of Stephen R. Kendall as a new Director of the Company. Kendall is President and CEO of EIS, Inc., a previously announced acquisition by Genuine Parts Company and has been with EIS since 1971.
    Prince stated, "Mr. Kendall brings a great deal of strength and expertise to our Board and we welcome him. We look forward to his contributions, as well as contributions from EIS, Inc."
    The Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of 25 cents per share on the Company's common stock.
    The dividend is payable October 1, 1998 to shareholders of record September 4, 1998.
    Genuine Parts Company is a distributor of automotive replacement parts, industrial replacement parts, office products, and electronic and electrical components from operations in the United States, Canada, and Mexico.