Actuant to Present At Two Conferences

Business Wire, Nov 13, 2000

MILWAUKEE--(BUSINESS WIRE)--Nov. 13, 2000

Applied Power Inc. d/b/a Actuant Corporation (NYSE:ATU) announced today that it will be presenting at the Robert W. Baird Industrial Technology Conference in Chicago on Tuesday, November 14th, and holding a company sponsored investor meeting in New York City on Thursday, November 16th. At those conferences Actuant will announce the following disclosures to be considered in conjunction with the October 3, 2000 earnings release and conference call with analysts.

- The Company's recreational vehicle (RV) product line had sales of $8.2
million for the two months ended October 31, 2000, a decrease of 29% or $3.3
million from the comparable period of the prior year. This decline was due to
continued weakness in the RV industry, and affected Class A motorhomes as well
as trailers.

- Actuant announced the resignation of Joseph M. Kampschroer, Vice President
and Leader of the Gardner Bender business unit. The Company has begun an
external search for a replacement. Until a replacement is announced, Robert C.
Arzbaecher, President and CEO of Actuant, will assume day-to-day oversight of
Gardner Bender.

- Actuant has been awarded four new convertible top programs within the last
two months. These programs, based on estimated volume projections received from
the customers which are not firm deliveries, are expected to add $3 million in
revenue in fiscal 2002 and $11 million in fiscal 2003. These are new
convertible top models and are not replacements for any of Actuant's existing
models. Two of these models will consist of retractable hardtop roofs actuated
by new hydraulic systems developed by Actuant's Power-Packer business unit. Due
to the confidential nature of its customers' new model development initiatives,
the Company will not be announcing the specific programs or customers until a
later date.

The presentation for the two conferences this week will be available on the Company's website at www.actuant.com.

Safe Harbor Statement

Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these projections are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Actuant's results are also subject to general economic conditions, continued market acceptance of the Company's new product introductions, operating margin risk due to competitive pricing, foreign currency fluctuations and interest rate risk. See the Company's S-4 registration statement for further information regarding risk factors.

Actuant, headquartered in Milwaukee, Wisconsin, is a diversified industrial company with sales approximating $500 million and operations in 19 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded tools. Products are offered under such established brand names as Enerpac, Gardner Bender, Mox-Med, Milwaukee Cylinder, Nielsen Sessions, Power-Packer, and Power Gear.

For further information on Actuant and its business units, visit the Company's website at www.actuant.com.