Barnes Group Inc. Announces New Credit Facility Agreement.

BRISTOL, Conn. -- Barnes Group Inc. (NYSE: B) today announced that it has entered into an Amended and Restated Credit Agreement that will more than double its available bank credit from $175 million to $400 million. Both Barnes Group Inc. and its Swiss holding company, Barnes Group Switzerland GmbH, may borrow under the new facility, either in U.S. Dollars or in other globally traded currencies, including the Euro, Swiss Franc, and Pound Sterling. Bank of America, N.A. is the Administrative Agent for the 17 lenders participating in the new facility, which expires in January 2011.

"Our ability to attract a large syndicate of banks and increase the size of our current credit facility from $175 million to $400 million are clear indicators of Barnes Group's increasing financial strength," said William C. Denninger, Senior Vice President, Finance and Chief Financial Officer, Barnes Group Inc. "The $225 million increase in our borrowing capacity under the new credit facility provides the financial flexibility we need to continue executing on our strategic growth plans."

Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and assemblies and a distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2005 sales of $1.1 billion: Barnes Distribution, an international, full-service distributor of maintenance, repair, operating, and production supplies; Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas products and a global supplier of retaining rings, reed valves, shock discs, and injection-molded plastic components and assemblies; and Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and components of aircraft engines, airframes, and land-based industrial gas turbines. Over 6,000 dedicated employees at more than 60 locations worldwide contribute to Barnes Group Inc.'s success. The Company has paid cash dividends to stockholders on a continuous basis since 1934.

This release may contain certain forward-looking statements as defined in the Private Securities Litigation and Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties, which are described in our periodic filings with the Securities and Exchange Commission, include, among others, uncertainties arising from the behavior of financial markets; future financial performance of the industries or customers that we serve; changes in market demand for our products and services; integration of acquired businesses; changes in raw material prices and availability; our dependence upon revenues and earnings from a small number of significant customers; uninsured claims; and numerous other matters of global, regional or national scale, including those of a political, economic, business, competitive, regulatory and public health nature. The Company assumes no obligation to update our forward-looking statements.