HEICO Corporation Common Stock Commences Dividend-Adjusted Trading

Business Wire, April 24, 1998

HOLLYWOOD, Fla. and MIAMI--(BUSINESS WIRE)--April 24, 1998--HEICO Corporation (AMEX:HEI and HEI.A) today announced that its Common Stock shares will begin trading on a dividend-adjusted basis at the opening of trading today, Friday, April 24, 1998. The price of HEICO's shares will reflect the fact that yesterday the Company distributed a 50% stock dividend on its Common Stock paid in shares of the newly-authorized Class A Common Stock.

The economic rights of the Class A Common Stock are identical to HEICO's Common Stock, except that each share of Class A Common Stock is entitled to 1/10th of a vote and each share of Common Stock is entitled to one vote. HEICO shareholders authorized issuance of the Class A Common Stock at the Company's Annual Meeting in March 1998.

The stock symbol for the Class A Common Stock is "HEI.A" and the symbol for the Common Stock remains "HEI".

Pursuant to American Stock Exchange Rules and Regulations, all open orders for HEICO's Common Stock shall be adjusted downward by $14 1/2. Trading following the adjustment will reflect market conditions.

HEICO Corporation is a rapidly-growing Company engaged in certain niche segments of the aerospace, aviation and defense industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary (which is 20% owned by the Lufthansa Technik AG, subsidiary of Lufthansa German Airlines) and through its Miami, FL-based HEICO Aviation Products Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense contractors and military agencies worldwide, including the United States Air Force, Navy and NASA.

CONTACT: HEICO Corporation

Thomas S. Irwin or Victor H. Mendelson, 954/987-4000