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STANLEY WORKS REPORTS FINAL ORDER ISSUED IN ANTITRUST CASE

 NEW BRITAIN, Conn., July 13 /PRNewswire/ -- In a decision handed down in Federal District Court in St. Louis today, U.S. District Judge Clyde S. Cahill ordered The Stanley Works (NYSE: SWK) to pay a fine of $5 million for antitrust violations in the architectural hinge sector of the hardware industry in 1987 and 1988; the judge further ordered Stanley to pay a total of $1 million to the court, which the court will pay to universities to be named by the judge, for the establishment of programs on ethics. The Department of Justice and The Stanley Works have agreed that neither will appeal this decision.
 A former employee of Stanley's hardware division pleaded guilty to the antitrust violations and Stanley accepted appropriate responsibility for his actions with a plea of nolo-contender in 1991. In 1992, the president and general manager of the hardware division was acquitted of the charges against him by a jury.
 Reserves were previously established in connection with this case that will adequately cover charges resulting from the $5 million fine and the $1 million payments.
 Stephen S. Weddle, Stanley's vice president and general counsel, stated, "This has been a very difficult incident for The Stanley Works, a company with a long history of ethical business practices. We are glad to have it behind us, and we are pleased that part of the result included payments to help reinforce issues of ethics for students of business and law.
 The Stanley Works is a worldwide marketer and manufacturer of tools, hardware and specialty hardware for home improvement, consumer, industrial and professional use.
 -0- 7/13/93
 /CONTACT: Patricia McLean, manager - corporate communications of Stanley Works, 203-827-3833/
 (SWK)


CO: The Stanley Works ST: Connecticut IN: SU:

WB-MP -- NY056 -- 0972 07/13/93 14:58 EDT
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Date:Jul 13, 1993
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