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Strattec Security Corp Announces Expanded Share Repurchase

29 October 1998

Strattec Security Corporation Announces Expanded Share Repurchase Program

    MILWAUKEE, Oct. 28 -- STRATTEC SECURITY CORPORATION
announced today that its Board of Directors has authorized the
repurchase of an additional 300,000 shares (approximately 5 percent of
currently outstanding shares) under its ongoing stock repurchase program.
Shares may be repurchased from time to time in open market transactions and
will be held as Treasury Shares.
    The Company has previously repurchased  271,500 shares of a total
authorized of 289,395.
    STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets
mechanical locks, electro-mechanical locks and related security products for
North American and select European automotive manufacturers.
    Forward looking statements in this release are subject to many
uncertainties in the Company's operations and business environment.  These
uncertainties include general economic conditions, demand for the Company's
products and costs of operations.  Such uncertainties and other operational
matters are discussed further in the Company's quarterly and annual filings
with the Securities and Exchange Commission.