Actuant Executive Files Rule 10b5-1 Selling Plan.

Business Editors

MILWAUKEE--(BUSINESS WIRE)--Oct. 6, 2003

Actuant Corporation (NYSE:ATU) today announced that Andrew Lampereur, its Chief Financial Officer, has adopted a prearranged trading plan in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and the company's policies with respect to insider sales.

Rule 10b5-1 allows officers and directors of public companies, at a time when they are not aware of material nonpublic information, to adopt predetermined plans for selling shares. Under this 10b5-1 plan, Mr. Lampereur will exercise stock options and sell up to 13,000 shares. The underlying stock options were granted in 1994 and must be exercised in the next 10 months or become invalid. These sales may take place from time to time, subject to certain market conditions. Mr. Lampereur currently has beneficial ownership of 146,130 shares of the company's common stock, including vested and non-vested stock options.

Actuant, headquartered in Milwaukee, Wisconsin, is a diversified industrial company with operations in over 20 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools. Products are offered under such established brand names as Enerpac, Gardner Bender, Kopp, Kwikee, Milwaukee Cylinder, Nielsen Sessions, Power-Packer, and Power Gear.

For further information on Actuant and its business units, visit the Company's website at www.actuant.com.