Barnes Group Inc. Announces New Stock Repurchase Authorization.

Business Editors

BRISTOL, Conn.--(BUSINESS WIRE)--April 12, 2001

The Board of Directors of Barnes Group Inc. (NYSE:B) today authorized a new repurchase program for up to 1 million shares of the company's common stock, effective immediately. The new authorization replaces a previous authorization approved on October 15, 1999, which was substantially completed.

William C. Denninger, Barnes Group Inc.'s Chief Financial Officer, commented, "Since July, 1996, we have repurchased over 2 million shares of our common stock. Today's action by our Board of Directors reflects Barnes Group's ongoing commitment to, when appropriate, return capital to our shareholders in a tax-efficient manner."

Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal parts and 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 2000 sales of $740 million: Associated Spring, a manufacturer of precision mechanical and nitrogen gas springs; Barnes Aerospace, a manufacturer and repairer of aircraft engine and airframe components and assemblies; and Barnes Distribution, a distributor of maintenance, repair and operating supplies. Nearly 5,500 dedicated employees at more than 50 locations worldwide contribute to Barnes Group Inc.'s success.