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Strattec SecurityAnnounces Expanded Share Repurchase Program

31 August 2000

STRATTEC SECURITY CORPORATION Announces Expanded Share Repurchase Program

    MILWAUKEE, Aug. 30 STRATTEC SECURITY CORPORATION announced today that its
Board of Directors has authorized the repurchase of an additional
500,000 shares (approximately 11 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.
    This latest action brings the total repurchase authorization to
2,389,395 shares, of which 1,675,710 have been repurchased to date.