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3M, Robinson Nugent Announce Acquisition Timetable

12 January 2001

3M, Robinson Nugent Announce Acquisition Timetable

    ST. PAUL, Minn. and NEW ALBANY, Ind., Jan. 12 3M and Robinson Nugent, Inc., announced today that the Form
S-4 registration statement filed with the Securities and Exchange Commission
in relation to 3M's pending acquisition of Robinson Nugent, Inc. has been
declared effective by the SEC.
    A special meeting of Robinson Nugent shareholders is scheduled to be held
at the Holiday Inn Lakeview, 505 Marriott Drive, Clarksville, Ind., Thursday,
Feb. 15, 2001, at 10 a.m. local time. The record date for shareholders
entitled to vote at the special meeting is Jan. 11, 2001. The acquisition is
expected to close shortly after the special meeting of shareholders, assuming
shareholder approval.  3M and Robinson Nugent intend to begin mailing the
proxy statement/prospectus to Robinson Nugent shareholders on Jan. 17, 2001.
    The statements contained in this press release that are not purely
historical are forward-looking statements, including statements regarding 3M's
and Robinson Nugent's expectations, beliefs, hopes, intentions or strategies
regarding the future.  All forward-looking statements included in this press
release are based upon information available to the companies as of the date
hereof, and the companies assume no obligation to update any such
forward-looking statement.