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Bandag, Incorporated Declares Increase in Quarterly Dividend

14 November 2000

Bandag, Incorporated Declares Increase in Quarterly Dividend

    MUSCATINE, Iowa, Nov. 14 The Board of Directors of
Bandag, Incorporated today declared an increase in the
regular quarterly dividend from $.295 per share to $.305 per share on the
Common Stock, Class A Common Stock and Class B Common Stock of the Company
payable January 19, 2001 to shareholders of record at the close of business on
December 20, 2000.
    Bandag, Incorporated manufactures retreading materials and equipment for
its worldwide network of nearly 1,300 franchised dealerships that produce and
market retread tires and provide tire management services.  Bandag's pilot
operation, Tire Management Solutions, Inc. (TMS) provides tire management
systems outsourcing for commercial truck fleets.  Tire Distribution Systems,
Inc. (TDS), a wholly owned subsidiary, sells and services new and retread
tires.