Barnes Group Increases Quarterly Cash Dividend 5.6%.

BRISTOL, Conn.--(BUSINESS WIRE)--April 14, 1999--

The Board of Directors of Barnes Group Inc. (NYSE:B), today authorized a one-cent increase in the quarterly cash dividend on its common stock for the second quarter of 1999 from 18 cents per share to 19 cents. The Company reported that the second quarter dividend which represents a 5.6 percent increase will be payable June 10, 1999, to stockholders of record June 1, 1999. The Company had 19,614,525 shares outstanding as of the date of declaration.

Barnes Group Inc. (http://www.barnesgroupinc.com), is a diversified international manufacturer and distributor, serving a wide range of industrial markets with precision metal parts and industrial supplies. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three separate businesses employing 3,847 people at 42 locations worldwide.

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Quarterly Dividends    1st          2nd        3rd        4th

          1999         $ 0.18      $ 0.19      $         $

          1998         $ 0.167     $ 0.167     $ 0.18    $ 0.18

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