TB Wood's Corporation Declares Quarterly Dividend CHAMBERSBURG, Pa., July 16 /PRNewswire-FirstCall/ -- On July 15, 2004 the Board of Directors of TB Wood's Corporation (NASDAQ:TBWC) declared a dividend of $.09 per share on its Common Stock, par value $.01 per share. The dividend is payable on July 30, 2004 to shareholders of record July 26, 2004. This is our thirty-fourth consecutive dividend since our initial public offering in February 1996. TB Wood's is an established designer, manufacturer, and marketer of electronic and mechanical industrial power transmission products which are sold to North American and international manufacturers and users of industrial equipment. Headquartered in Chambersburg, Pennsylvania, the Company operates production facilities in the United States, Mexico, Italy, Germany, and India. Contact: Joseph C. Horvath, Chief Financial Officer (717) 264-7161, Extension 4465 DATASOURCE: TB Wood's Corporation CONTACT: Joseph C. Horvath, Chief Financial Officer of TB Wood's Corporation, +1-717-264-7161, Extension 4465 Web site: http://www.tbwoods.com/

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