May 16, 1997 ANNOUNCING STANLEY DAY IN NEW YORK CITY FRIDAY, JULY 18, 1997 THE STANLEY WORKS IS PLANNING STANLEY DAY IN NEW YORK CITY ON FRIDAY, JULY 18, 1997. THERE ARE TWO SPECIAL EVENTS WE WISH TO MAKE YOU AWARE OF. 2:00 TO 5:00 P.M. - THE STANLEY WORKS ANALYSTS MEETING THE MARRIOTT WORLD TRADE CENTER-NYC 9:30 A.M. - RINGING OF THE OPENING BELL AT THE NEW YORK STOCK EXCHANGE BY STANLEY S CHAIRMAN AND CHIEF EXECUTIVE OFFICER JOHN M. TRANI PLEASE SEE ATTACHMENTS FOR DETAILS AND REMEMBER TO MARK YOUR CALENDAR. IF YOU HAVE ANY QUESTIONS AFTER READING THE ATTACHMENTS, PLEASE GIVE ME A CALL AT 860-827-3833. Page 5 of 8 Pages THE STANLEY WORKS ANALYSTS MEETING FRIDAY, JULY 18, 1997 TIME: 2:OO P.M. TO 5:00 P.M. LOCATION: MARRIOTT WORLD TRADE CENTER 3 WORLD TRADE CENTER GRAND BALL ROOM - LOBBY LEVEL NEW YORK, NEW YORK MAIN TEL. #: 212-938-9100 RESERVATIONS: 800-228-9290 AGENDA: * REVIEW OF SECOND QUARTER 1997 RESULTS * REVIEW OF PROGRAM FOR SUSTAINED PROFITABLE GROWTH - 3 YEARS 1998-2000 * QUESTION AND ANSWER PERIOD STANLEY ATTENDEES TO INCLUDE: BOARD OF DIRECTORS JOHN TRANI, CHAIRMAN AND CHIEF EXECUTIVE OFFICER ALAN HUNTER, PRESIDENT AND CHIEF OPERATING OFFICER GERRY GOULD, DIRECTOR, INVESTOR RELATIONS THERESA YERKES, VICE PRESIDENT, CONTROLLER AND ACTING CHIEF FINANCIAL OFFICER RSVP: PLEASE CALL RACHEL LONG AT 860-827-3806 BY JUNE 30, 1997 AND LET HER KNOW HOW MANY FROM YOUR FIRM WILL BE ATTENDING. HOTEL ACCOMMODATIONS: WE HAVE RESERVED A BLOCK OF ROOMS AT THE MARRIOTT WORLD TRADE CENTER FOR THE NIGHT OF THURSDAY, JULY 17, AT THE SPECIAL RATE OF $179.00 + TAX. TO MAKE A RESERVATION, PLEASE CALL 800-228-9290, IDENTIFY THAT YOU ARE WITH THE STANLEY WORKS GROUP. Page 6 of 8 Pages SPECIAL NOTES *THE COMPANY EXPECTS TO RELEASE SECOND QUARTER 1997 EARNINGS ON FRIDAY, JULY 18, 1997, BEFORE THE NEW YORK STOCK EXCHANGE OPENS FOR TRADING. *THE ANALYSTS CONFERENCE CALL, USUALLY HELD EACH DAY EARNINGS ARE RELEASED, WILL NOT BE HELD JULY 18. INSTEAD, SECOND QUARTER RESULTS WILL BE DISCUSSED AS PART OF THE AFTERNOON CONFERENCE AT THE MARRIOTT WORLD TRADE CENTER. *DURING THE TIME PERIOD AFTER SECOND QUARTER 1997 EARNINGS ARE RELEASED, (APPROXIMATELY 8:30 A.M.) AND THE BEGINNING OF THE CONFERENCE, MANAGEMENT WILL BE UNAVAILABLE FOR TELEPHONE CALLS. *DURING THE WEEKS IMMEDIATELY FOLLOWING JULY 18, JOHN TRANI WILL BE TRAVELLING AND UNAVAILABLE FOR ANALYST VISITS. WE ENCOURAGE YOU TO PARTICIPATE IN THE JULY 18 CONFERENCE. Page 7 of 8 Pages RINGING OF THE OPENING BELL AT NYSE FRIDAY, JULY 18, 1997 TIME: 9:30 A.M. LOCATION: NEW YORK STOCK EXCHANGE EVENT: JOHN M. TRANI, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF THE STANLEY WORKS, HAS ACCEPTED AN INVITATION, EXTENDED BY NEW YORK STOCK EXCHANGE CHAIRMAN RICHARD GRASSO, TO RING THE OPENING BELL FOR TRADING. ACCESS: TELEVISED LIVE ON CNBC Page 8 of 8 Pages