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Bandag, Incorporated Declares Quarterly Dividend

8 March 2000

Bandag, Incorporated Declares Quarterly Dividend

    MUSCATINE, Iowa, March 7 The Board of Directors of
Bandag, Incorporated, (NYSE: BDG and BDGA) today declared a regular quarterly
dividend of $.295 per share on the Common Stock, Class A Common Stock and
Class B Common Stock of the Company payable April 20, 2000 to shareholders of
record at the close of business on March 29, 2000.
    Bandag, Incorporated manufactures retreading materials and equipment for
its worldwide network of nearly 1,300 franchised dealers that produce and
market retread tires and provide tire management services.  Bandag's wholly
owned subsidiary, Tire Management Solutions, Inc. (TMS) provides tire
management systems outsourcing for commercial truck fleets.  Tire Distribution
Systems, Inc. (TDS), also a wholly owned subsidiary, sells and services new
and retread tires.