Barnes Group Inc. Announces Extension of Odd-Lot Buyback Program

27 October 1998

Barnes Group Inc. Announces an Extension of its Odd-Lot Buyback Program

    BRISTOL, Conn.--Oct. 26, 1998--Terry M. Murphy, Senior Vice President-Finance, today announced that due to a positive response from its shareholders, Barnes Group Inc. will extend its Odd-Lot Buyback Program to run from October 27, 1998 to November 20, 1998.
    Under this voluntary program, stockholders who own fewer than 100 shares of Barnes Group Inc. Common Stock may sell their shares back to the Company by mail without paying any brokerage commission. Shares held in the Company's Dividend Investment Plan are also eligible for sale, while those held in the Company's employee plans such as the Guaranteed Stock Plan or the Employee Stock Purchase Plan are not eligible for sale under this Program.
    "Neither Barnes Group Inc. nor the Program Manager, ChaseMellon Shareholder Services, L.L.C., makes any recommendation as to whether or not shareholders should participate in the Program," said Murphy.
    Shareholders who have questions may call the Program Manager, ChaseMellon Shareholder Services, L.L.C., at 1-800-953-2497 (continental U.S.) or 212-273-8293 or Holly V. LeBlanc, Shareholder Relations Manager, at the Company's Executive Office at 860-583-7070 ext. 185.
    Barnes Group Inc. (http://www.barnesgroupinc.com) is a $650 million diversified international company headquartered in Bristol, CT. It is a leading manufacturer of complex metal components and precision springs for industrial, automotive and aerospace markets and a major distributor of maintenance, repair and replacement MRO products to industrial and transportation markets.

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