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Cummins Engine Company, Inc. to Become Cummins, Inc.

1 August 2000

Cummins Engine Company, Inc. to Become Cummins, Inc.

    COLUMBUS, Ind. - Cummins Engine Company, Inc. announced today that it would change the name of the company to Cummins, Inc.

    The change, which was approved by the Cummins Board of Directors in July, will be voted on by shareholders at Cummins' annual shareholder meeting in April 2001. Pending shareholder approval to change the name contained in its corporate charter, Cummins will do business as Cummins, Inc.

    "Cummins Engine Company, Inc. has been a leader in the diesel engine industry for over 81 years," said Tim Solso, Chairman and CEO of Cummins. "Changing our name to Cummins, Inc., acknowledges that we are also a leader in other global markets, including filtration and power generation. Today, while engines remain our core business, we are more than an engine company, and our new name reflects our continuing diversification."

    "The best example of our continuing diversification is illustrated by our revenue base," said Solso. "Thirty years ago, only 8 percent of Cummins' sales were derived from products and services outside the engine business. Today, Cummins' power generation and filtration and other business units account for almost 40 percent of total sales."

    Cummins, named after its co-founder Clessie Lyle Cummins, was incorporated in 1919 in Columbus, Indiana, which remains the site of its largest engine manufacturing facility.

    Cummins, Inc., headquartered in Columbus, Ind., provides products and services for customers in markets worldwide for engines, power generation and filtration. Cummins is also the world's largest producer of diesel engines above 200 horsepower. Cummins reported record sales of $6.6 billion in 1999.