[PHOTO] [PHOTO]
[PHOTO] [PHOTO]
innovation integrity
investment infrastructure

[BRADY LOGO]

BRADY CORPORATION 2002 ANNUAL REPORT

BRADY CORPORATION, founded in 1914, is an international manufacturer and
marketer of identification, safety and materials solutions, with products
including high-performance labels, signs, precision die-cut materials, printing
systems, software, and label-application and data-collection systems. Brady is a
leader in its markets which include electronics, telecommunications,
manufacturing, electrical, construction, education and a variety of others.

Through the Company's values of teamwork, customer focus, value, growth and
honesty, Brady's 3,200 employees in 20 countries work to accomplish the
company's mission of providing innovative identification solutions which improve
safety, security, productivity and performance for customers worldwide. With a
reputation for innovation, quality and service, Brady is the provider of choice
to more than 300,000 customers around the globe.

BRADY CORPORATION 2002 ANNUAL REPORT

2002 highlights

[Dollars in thousands except share amounts]

YEARS ENDED JULY 31 2002 2001 % CHANGE
- -------------------------------------------------------------------------------------

RESULTS OF OPERATIONS - AS REPORTED
Net sales $ 516,962 $ 545,944 -5.3
Earnings before income taxes $ 43,135 $ 44,790 -3.7
Net income $ 28,253 $ 27,546 2.6
Return on invested capital 13.2% 14.7%
Per diluted Common Share
Class A Nonvoting $ 1.20 $ 1.18 1.7
Class B Voting $ 1.17 $ 1.15 1.7
- -------------------------------------------------------------------------------------
RESULTS OF OPERATIONS - AS ADJUSTED*
Net sales $ 516,962 $ 545,944 -5.3
Earnings before income taxes $ 45,855 $ 60,469 -24.2
Pre-tax profit margin 8.87% 11.08%
Net Income $ 30,035 $ 39,364 -23.7
After-tax profit margin 5.81% 7.21%
Per diluted Common Share
Class A Nonvoting $ 1.28 $ 1.70 -24.7
Class B Voting $ 1.25 $ 1.67 -25.2
- -------------------------------------------------------------------------------------
OTHER INFORMATION
Working capital $ 135,764 $ 123,830 9.6
Stockholders' investment $ 324,242 $ 302,579 7.2
Research and development $ 17,271 $ 20,329 -15.0
Capital expenditures $ 13,095 $ 20,770 -37.0
Depreciation and amortization** $ 16,630 $ 22,646 -26.6
Dividend yield 2.76% 2.10% 31.4
Trailing P/E ratio, excluding
non-recurring items* 21.5 20.3 5.9
Current ratio 2.8 2.8 0.0
Weighted average shares outstanding
(diluted) 23,339,708 23,107,229 1.0
- -------------------------------------------------------------------------------------

* Excluding amortization of goodwill of $5.9 million after-tax in fiscal
2001, and non-recurring items of:
a one-time after-tax restructuring charge of $5.9 million in fiscal 2001;
a one-time after-tax restructuring charge of $1.8 million in fiscal 2002.
** On August 1, 2001, Brady adopted FASB 142 and ceased amortization of
goodwill.
- --------------------------------------------------------------------------------
SALES BY REGION

[PIE GRAPH]

United States 52%
Europe 32%
Asia 10%
Canada &
Latin America 6%

SALES BY BUSINESS UNIT

[PIE GRAPH]

Graphics & Workplace
Solutions 57%
Identification Solutions
& Specialty Tapes 43%

[BAR GRAPH]

97 434
98 463
99 479
00 551
01 546
02 517

NET SALES
in $ millions

[BAR GRAPH]

97 34
98 35
99 44
00 51
01 39
02 30

NET INCOME
in $ millions

* Net income adjusted for goodwill
** Non-recurring charge or income

[BAR GRAPH]

97 .52
98 .60
99 .64
00 .68
01 .72
02 .76

DIVIDEND HISTORY
annually per share

At its September 2002 board meeting, Brady
increased its annual dividend to $0.80/share.

BRADY CORPORATION 2002 ANNUAL REPORT

LETTER TO SHAREHOLDERS

[GRAPHIC] TO OUR SHAREHOLDERS

Fiscal 2002 was the second straight year of difficult business conditions and
disappointing sales and earnings results for Brady Corporation. Despite the
challenges of a weak U.S. economy in the short term, we remained committed to
investing in our businesses on a global basis for the long term. We continued
with our key initiatives of process improvement through building a robust global
infrastructure of facilities and capabilities. We focused on meeting the needs
of our customers with innovative new products and exceptional service through
global expansion. Above all, we maintained an unwavering adherence to the
highest standards of integrity.

The recovery from the recession that has stalled our growth has not come as
quickly or as strongly as we had hoped. Our sales for fiscal 2002 were $517.0
million, down 5.3 percent from $545.9 million in fiscal 2001. Our Graphics and
Workplace Solutions group began to see some signs of stabilization in its
markets, but sales for our Identification Solutions & Specialty Tapes (ISST)
group declined as its higher-tech markets, particularly telecommunications and
electronics, continued to struggle. Regionally, U.S. sales slipped, but we saw
gains in China, parts of Europe and Latin America.

Our reported net income for fiscal 2002 was $28.3 million or $1.20 per diluted
share, compared to $27.5 million or $1.18 per diluted share in the previous
year. To ensure that our cost structure reflects the levels of current activity,
we reduced our workforce by about 3 percent, and are consolidating some
resources and facilities at our U.S., European, and Asian operations, with
expected pre-tax savings of about $4 million in fiscal 2003. As a result, we
took a restructuring charge of $3.0 million pre-tax in the fourth quarter.
Excluding non-recurring items and goodwill amortization in both years, net
income for fiscal 2002 was $30.0 million or $1.28 per diluted share compared to
$39.4 million or $1.70 per diluted share in fiscal 2001.

[PHOTO]
Katherine M. Hudson
President and Chief Executive Officer

Brady maintains a strong balance sheet, with virtually no debt, and solid cash
reserves of $76.0 million, up from $62.8 million at the end of fiscal 2001, even
after dividend payments to our shareholders, and investments in strategic
initiatives for process improvement, e-business, global expansion, and research
and development.

....we remained committed to investing in our businesses on a global basis for
the long term.

2
BRADY CORPORATION 2002 ANNUAL REPORT

LETTER TO SHAREHOLDERS

This year Brady launched a number of significant new products.

[PHOTO]

In January 2002, the ISST group introduced the ID Pal(TM) labeling tool around
the world. A hand-held, thermal-transfer printer, designed specifically to meet
the requirements of professionals working in the electrical and datacom
industries, the ID Pal(TM) printer features easy-to-load drop-in label
cartridges, a built-in label cutter, and a rugged and easy-to-find bright red
outer shell. It provides an industrial-quality solution for on-site wire and
cable marking, panel and component labeling, as well as asset and general
identification. The ID Pal(TM) labeler is the most affordable hand-held printer
offered by Brady.

Also this year, the Graphics group launched the GlobalMark(TM) Industrial Label
Maker to replace the Labelizer(R) Plus printer, which has been an industry
standard workhorse for the last decade. With new features including on-screen
templates and touch-screen menus, the GlobalMark(TM) printer enables users to
easily create industrial-grade indoor/outdoor labels and signs to meet OSHA and
ANSI requirements as well as other equipment and security identification needs.
As a result of improved product development processes at Brady, we were able to
launch 4 different models of the GlobalMark(TM) printer, offering customers
monocolor or multicolor options to fit any budget, options for built-in software
and templates in 11 different languages, and a top-of-the-line "color & cut"
model with a built-in plotter and cutter that cuts out text, shapes and
graphics. In addition, a newly released MarkWare(TM) software upgrade
complements the new printer.

[PHOTO]

Other new products include BradyGlo(TM) safety signs that glow in the dark to
increase building safety in the event of blackouts or power failures; the
ProImage(R) Plus 3000 PosterPrinter(TM) system for the education market, which
helps schools create large, colorful visuals to capture students' attention and
increase participation and excitement in the classroom; and a new line of
laboratory identification solutions to meet the growing needs for sample
identification in the laboratory market.

[PHOTO]

Innovation at Brady also goes beyond new product offerings, to new ways of
manufacturing products and serving customers. For example, we continue to expand
our digital manufacturing and our Web-to-Workbench(TM) initiative, which allows
customers to customize products on-line and send their orders directly to the
manufacturing floor. Web-to-Workbench(TM) signs and markers produced over $1
million in sales this year. And we are constantly revamping our Web sites and
focusing on being "easy to do business with" over the Internet and around the
world.

INNOVATION [GRAPHIC]

3
BRADY CORPORATION 2002 ANNUAL REPORT

LETTER TO SHAREHOLDERS

[GRAPHIC] INFRASTRUCTURE

We had three acquisitions in fiscal 2002 that expanded our geographic
infrastructure, increased our market share, and brought us new technologies to
ensure Brady continues to be a leader in its markets.

In November 2001, we acquired StrandWare, Inc. in Eau Claire, Wis., a leading
developer of bar-code-label-design software. Combining the strength of
StrandWare's market position and well established reseller network with our
existing software product offerings strengthens our position as the market
leader in packaged software products for the automatic identification and data
collection (AIDC) industry.

Also in November 2001, we acquired Safety Sign Service, a manufacturer and
supplier of safety products, in Perth, Australia. Located about 1,500 miles from
Brady Australia in the western part of the country, this acquisition gives Brady
a stronger strategic position in Australia, where much of the safety and
identification market is regionally based.

[GRAPHIC]
VISUALLY CHANGING PAPER

In April 2002, we acquired Temtec, Inc., located in Suffern, N.Y. Temtec is a
specialty printing company that develops and markets products for security
applications utilizing its patented Visually Changing Paper (VCP) technology.
This technology uses coating and printing capabilities to create materials that
reveal a message, color or design after a specified time period. Temtec's
TEMPbadge(R) identification and security products include a variety of
self-expiring badges, security seals, parking permits and wristbands designed
for visitor control. The acquisition of Temtec provides Brady new technologies
to further grow its security product offerings, as well as development
opportunities for marketing Temtec products in international arenas served by
Brady's current global infrastructure.

We also stretched our presence around the globe by responding to growth
opportunities, particularly in Asia. This year we laid the groundwork for
expanded manufacturing in China and Malaysia, as we continue to support the
movement of our customers to new locations there.

[ECLIPSE LOGO]

Our process-improvement initiative, named "Eclipse" for "Earning Customer
Loyalty through Integrated Processes and Systems Everywhere," is also building a
global Brady infrastructure with common and shared processes supported by an
integrated enterprise resource planning (ERP) system. Eclipse, with an
investment of about $30 million, has been our top priority since fiscal 2000.

Our objective is to streamline and coordinate our business processes, and
leverage the power of SAP software as our ERP system to maximize the customer
experience with Brady. This year we continued to implement SAP in coordinated
phases throughout our global operations, and by December 2002, we will have more
than two-thirds of our businesses converted to the new software.

Benefits of our new system include the creation of a more structured approach to
market planning and new product development which uses better customer data and
market information that we previously could not access or share across the
company. The system also provides accurate real-time information on orders,
which is enhancing the effectiveness and responsiveness of our customer service
and manufacturing activities. Integrated systems, common processes and shared
data are also making it possible for us to consolidate our buying power, better
utilize our working capital, reduce our costs and accelerate global growth.

We are already seeing results from Eclipse, including an improvement in the days
sales outstanding in the U.S. of about 16 days, an increase in global inventory
turns of about one turn despite a sales decline, an improvement in the days
payable outstanding of about 14 days in the U.S., and purchasing savings of more
than $2 million.

4
BRADY CORPORATION 2002 ANNUAL REPORT

LETTER TO SHAREHOLDERS

We are proud to again be named to the list of "The 100 Best Corporate Citizens"
by Business Ethics magazine, moving up on the list to 23rd place, after debuting
in the 44th position three years ago. Brady's ongoing support for education in
our community, commitment to diversity in the workplace, and family-friendly
employment policies and benefits have demonstrated year after year that
companies can indeed succeed when they do the right thing.

In fiscal 2003, we'll be continuing our emphasis on our guiding values of
teamwork, value creation, honesty, customer focus and growth.

INTEGRITY

[GRAPHIC]

Teamwork is our number one guiding value and a vital element for sustainable
growth and superior business performance at Brady. In support of our teams, we
strive to create a positive work environment that generates value for our
employees, and in turn, for our customers and shareholders. This year we
conducted our first on-line global employee survey. More than two-thirds of our
3,200 employees around the world participated. While it was gratifying to see
that the vast majority believed overall Brady is a great place to work, we will
be using survey feedback for continuous improvement in the Brady work place and
the ways in which we work together.

Honesty and integrity in all our business activities must be sustained and
protected. The ethical tone at Brady was set by the company's founders nearly 90
years ago. Their legacy of ethical business behavior lives on in our business
and accounting practices today. We review our financial actions both internally
and with our independent Audit Committee. Our goal is not only to follow the
letter of the law, but also to communicate in the spirit of full and honest
disclosure that accurately reflects the reality of our business conditions.

[GRAPHIC]

Customer Focus remains the key to our success and is being enabled and
strengthened by our process improvement initiatives. While our current sales and
net income reflect the pressures of two years of a difficult economy, our global
presence, people and processes have strongly positioned us to return to the more
traditional levels of growth that Brady shareholders have come to expect.

Going forward, we certainly hope that economic conditions improve in fiscal
2003. But we aren't relying on outside factors to lift our business. We will
continue to focus on the core products and customers that have made Brady
successful in the past. And we have developed strategies to grow our business
beyond those traditional markets into allied areas such as health care and
security. Brady has been built on innovation and integrity. We have financial
strength and a worldwide workforce of dedicated people committed to generating
long-term value for our customers and shareholders.

Thank you for your continued support,

/s/ Katherine M. Hudson

Katherine M. Hudson
President and Chief Executive Officer
Brady Corporation

5
BRADY CORPORATION 2002 ANNUAL REPORT

2002 FINANCIAL REVIEW

(Dollars in Thousands,
Except Per Share Amounts)
Years Ended July 31, 1992 through 2002

2002* 2001 2000 1999 1998 1997
--------------------------------------------------------------------------

OPERATING DATA
NET SALES ............................ $ 516,962 $ 545,944 $ 550,664 $ 479,025 $ 463,235 $ 433,649
Operating expenses:
Cost of products sold .............. 256,186 257,313 245,587 216,060 212,980 201,664
Research and development ........... 17,271 20,329 20,555 17,116 20,287 16,300
Selling, general and administrative 199,282 214,220 215,231 182,688 178,648 165,317
Nonrecurring charge (credit) - net.. 2,720 9,560 -- (611) 5,390 --
--------------------------------------------------------------------------
Total operating expenses ........ 475,459 501,422 481,373 415,253 417,305 383,281
--------------------------------------------------------------------------
OPERATING INCOME ..................... 41,503 44,522 69,291 63,772 45,930 50,368
OTHER INCOME AND (EXPENSE):
Investment and other income - net .. 1,714 686 7,418 1,455 638 1,159
Interest expense ................... (82) (418) (578) (445) (403) (256)
--------------------------------------------------------------------------
Net other income ................. 1,632 268 6,840 1,010 235 903
--------------------------------------------------------------------------
Income before income taxes and
cumulative effect of changes in
accounting principles .............. 43,135 44,790 76,131 64,782 46,165 51,271

INCOME TAXES ......................... 14,882 17,244 28,930 25,198 18,129 19,564
--------------------------------------------------------------------------
Income before cumulative effect of
changes in accounting principles ... 28,253 27,546 47,201 39,584 28,036 31,707
CUMULATIVE EFFECT OF CHANGES IN
ACCOUNTING PRINCIPLES FOR:
Postretirement benefits (net of
income taxes of $2,663) ....... -- -- -- -- -- --
Income taxes .................... -- -- -- -- -- --
NET INCOME ........................... $ 28,253 $ 27,546 $ 47,201 $ 39,584 $ 28,036 $ 31,707
==========================================================================
NET INCOME PER COMMON SHARE (DILUTED):
Class A Nonvoting .................. $ 1.20 $ 1.18 $ 2.05 $ 1.73 $ 1.23 $ 1.43
Class B Voting ..................... $ 1.17 $ 1.15 $ 2.02 $ 1.70 $ 1.20 $ 1.40
CASH DIVIDENDS ON:
Class A Common Stock ............... $ .76 $ .72 $ .68 $ .64 $ .60 $ .52
Class B Common Stock ............... $ .73 $ .69 $ .65 $ .61 $ .57 $ .49

BALANCE SHEET (at year end)
Working capital .................... $ 135,764 $ 123,830 $ 116,084 $ 129,884 $ 125,386 $ 130,724
Total assets ....................... 420,525 393,592 398,134 351,120 311,824 291,662
Long-term obligations, less
current maturities ............... 3,751 4,144 4,157 1,402 3,716 3,890
Stockholders' investment ........... 324,242 302,579 291,224 260,564 233,373 206,547
--------------------------------------------------------------------------

* On August 1, 2001, Brady adopted FASB 142 and ceased amortization of goodwill.

6
BRADY CORPORATION 2002 ANNUAL REPORT

2002 FINANCIAL REVIEW

1996 1995 1994 1993 1992
- ------------------------------------------------------------------------

$365,929 $319,946 $260,386 $247,286 $240,156

172,813 149,218 122,661 118,617 114,321
11,309 10,426 10,318 12,132 10,001
140,642 119,717 97,932 92,449 93,931
-- -- -- (1,236) 6,562
- ------------------------------------------------------------------------
324,764 279,361 230,911 221,962 224,815
- ------------------------------------------------------------------------
41,165 40,585 29,475 25,324 15,341

4,570 4,609 837 559 239
(302) (555) (410) (54) (219)
- ------------------------------------------------------------------------
4,268 4,054 427 505 20
- ------------------------------------------------------------------------

45,433 44,639 29,902 25,829 15,361

17,406 16,728 11,362 8,973 6,972
- ------------------------------------------------------------------------
28,027 27,911 18,540 16,856 8,389

-- -- -- -- (3,995)
-- -- -- -- 661
$ 28,027 $ 27,911 $ 18,540 $ 16,856 $ 5,055
========================================================================

$ 1.26 $ 1.26 $ .84 $ .77 $ .22
$ 1.23 $ 1.23 $ .81 $ .74 $ .19

$ .40 $ .27 $ .23 $ .20 $ .19
$ .37 $ .23 $ .19 $ .17 $ .15

$109,688 $129,938 $100,023 $ 77,943 $ 66,093
261,835 230,005 202,509 179,901 173,054

1,809 1,903 1,855 1,978 2,524
189,263 170,823 145,129 128,068 119,771
- ------------------------------------------------------------------------

[BAR GRAPH]

97 65
98 66
99 75
00 61
01 63
02 76

CASH BALANCES
in $ millions

[BAR GRAPH]

Cash flow Free
from operations cash flow

97 40 20
98 47 17
99 61 37
00 48 11
01 53 16
02 54 24

CASH FLOW
in $ millions

[BAR GRAPH]

97 24
98 20
99 25
00 25
01 15
02 13

% RETURN ON INVESTED CAPITAL

ROIC = Net income + Income Taxes + Interest Expense
--------------------------------------------
Stockholders' Investment + Long-term Debt +
Current Portion of Long-term Debt

7
BRADY CORPORATION 2002 ANNUAL REPORT

SHAREHOLDER SERVICES

COMMON SHARES
Brady Corporation Class A Common Stock trades on the New York Stock Exchange
under the symbol BRC. As of September 10, 2002, there were 350 Class A Common
Stock shareholders of record and about 4,000 beneficial shareholders. There are
three Class B Common Stock shareholders. Brady Corporation stock is also listed
on the Berlin stock exchange.

QUARTERLY STOCK DATA

2002 2001 2000
High Low High Low High Low
- --------------------------------------------------------------

4th Quarter $36.69 $26.70 $35.94 $28.67 $34.13 $27.00
3rd Quarter $40.47 $32.04 $38.83 $30.48 $32.28 $24.50
2nd Quarter $37.47 $29.03 $38.35 $27.08 $34.56 $26.25
1st Quarter $36.41 $27.47 $32.67 $26.92 $36.31 $25.63
- --------------------------------------------------------------

DIVIDENDS
Brady has paid dividends on its Common Stock every quarter since going public in
June 1984, and the Company has increased the dividend every year for each of the
past 17 years. At its September 2002 meeting, the Board of Directors increased
the quarterly dividend on Class A Common Stock to $0.20 per share per quarter,
or $0.80 per year. Dividends are normally paid on the last day of October,
January, April and July.

DIVIDEND REINVESTMENT
Shareholders of record may have their dividends automatically reinvested in
Brady stock through a Dividend Reinvestment Program. For more information on
this program, see the description on the Internet at www.bradycorp.com or call
Brady's investor line at 414-438-6918.

STOCK TRANSFER AGENT
Wells Fargo Bank Minnesota, N.A.
Shareowner Services
P.O. Box 64584
St. Paul, MN, 55164-0854
www.wellsfargo.com

BRADY INFORMATION
Brady's Internet site at www.investor.bradycorp.com contains investor
presentations, 10-K and 10-Q filings, annual reports, news releases, frequently
asked investor questions, stock prices, a Brady investment calculator, product
information and a variety of other information about Brady.

INFORMATION REQUESTS AND INVESTOR NEWS LINE
A phone system at 414-438-6918 enables you to listen to financial news
highlights, request printed 10-K and other financial information, request
dividend reinvestment information, or be transferred to an investor relations
representative. Or you may send your information requests to Investor Relations,
Brady Corporation, P.O. Box 571, Milwaukee, WI 53201-0571, or e-mail
investor@bradycorp.com.

ANALYST AND INVESTOR CONTACT
Barbara Bolens, Director of Investor Relations,
414-438-6940.

ANNUAL MEETING
The Brady Corporation Annual Meeting will be at 9 a.m.,
Thursday, November 14, 2002, at Brady Corporation
Signmark Division, 2221 W. Camden Road, Milwaukee,
Wisconsin. Highlights will be posted on the Internet at
www.investor.bradycorp.com.

[NYSE LOGO]

8
BRADY CORPORATION 2002 ANNUAL REPORT

BRADY LOCATIONS

UNITED STATES

Brady Corporation
P.O. Box 571
Milwaukee, WI 53201

Brady Worldwide, Inc. - Identification
Solutions
6555 W. Good Hope Rd.
Milwaukee, WI 53223

Brady Worldwide, Inc. - Global Die-Cut
Products
N144 W5690 Pioneer Road
Cedarburg, WI 53012

Brady Worldwide, Inc. - Coated
Products
P.O. Box 298
2230 W. Florist Ave.
Milwaukee, WI 53201-0298

Brady Worldwide, Inc. - Signmark(R)
Tobey Research & Innovation
2221 W. Camden Rd.
Milwaukee, WI 53209

Brady Worldwide Inc. - AIDC Software &
Services
12000 W. Park Place
Milwaukee, WI 53224

Brady Business Process Innovation
Center
5300 N. 118th Court, Bldg. F
Milwaukee, WI 53225

Brady Worldwide, Inc. - Varitronics
6835 Winnetka Circle
Brooklyn Park, MN 55428

Imtec Identification Solutions
100 S. Massachusetts Street
Seattle, WA 98134

Seton Identification Products
20 Thompson Rd.
Branford, CT 06405

Seton Identification Products
4451 Eucalyptus Ave.
Suite 330
Chino, CA 91710

Brady Data Recognition International
2929 Longhorn Blvd., Suite 103
Austin, TX 78758

Brady Precision Die-Cut Products South
6500 NW 12th Avenue, Suite 119
Fort Lauderdale, FL 33309

AUSTRALIA

Brady Australia Pty. Ltd.
Seton Australia Pty. Ltd.
112 Christina Road
Villawood NSW 2163
Australia

Brady Australia Pty. Ltd.
Visi Sign
10 Reid Street
Bayswater, Victoria 3153
Australia

Brady Australia Pty. Ltd.
Safety Sign Service
663 Dundas Road
Forrest Field, West Australia 6058
Australia

BELGIUM

W.H. Brady, n.v..
Industrie Park C/3
Lindestraat 20
B-9240 Zele, Belgium

BRAZIL

W.H.B. do Brasil Ltda.
Brady Sao Paulo
Rua Rosangela Donata De Oliveira 30
06236-110 Osasco
Sao Paulo, Brazil

W.H.B. do Brasil Ltda.
Seton Brasil
Centro Empresarial Alphaville
Av. Jurua, 105 - Modulo 4
06455-010 Barueri
Sao Paulo, Brazil

W.H.B. do Brasil Ltda.
Brady Manaus
Avenida Solimoes, N. 2100
Distrito Industrial da Suframa
69075-200 Manaus
Amazonas, Brazil

CANADA

W.H.B. Identification Solutions, Inc.
Seton-Canada
56 Leek Crescent
Richmond Hill
Ontario, Canada

CHINA

Brady (Beijing) Co. Ltd.
Unit 8401/8402
3 Yong Chang North Road
Yong Chang Industrial Park
Beijing Economic Technological Area
Beijing 100176, PRC

Brady (Shanghai) International Trading
Co. Ltd.
5F-B, No. 158 Aona Road
Wai Gao Qiao Free Trade Zone
Shanghai 200131, PRC

Brady (Wuxi) Co. Ltd.
No. 229
Xingchuang Ba Lu
Wuxi-Singapore Industrial Park
Wuxi, Jinagsu, PRC 214028

FRANCE

Braton Group s.a.r.l.
Brady France
1 Rue de Terre Neuve - Bat. E
BP 362 - ZAC Les Ulis
91959 Courtaboeuf Cedex, France

Tricor Groupe S.A. - Seton
45 Avenue de L'Europe
BP 132
594 Roncq Cedex, France

Brady LettraSoft S.A.
13 Rue des Emeraudes
F-69006 Lyon, France

Signals S.A.
Rond Point de la Republique
Z.I. de la Rochelle
17187 Perigny Cedex, France

Brady Software Group Europe
Z.I. Est
2, rue Vincent Van Gogh
32000 Auch, France

GERMANY

Brady GmbH - Division ISST
Lagerstrasse 13
64807 Dieburg, Germany

Brady GmbH - Division Systeme
Seton Division
Otto-Hahn-Str. 5-7
63222 Langen, Germany

Brady GmbH - Balkhausen
Rudolf-Diesel-Strasse 17
28857 Syke, Germany

Brady Gmbh
Olchinger Str. 56
D-82194 Grobenzell, Germany

HONG KONG

Brady Corporation S.E.A. Pte. Ltd.
Unit 03/04, 18th Floor
CRE Centre
889 Cheung Sha Wan Road
Kowloon, Hong Kong

ITALY

Brady Italia. Srl
Via Luigi Lazzaroni 7
21047 Saronno (VA), Italy

JAPAN

Nippon Brady K.K.
TVP Building 3rd Floor
3-9-13 Moriya-cho, Kanagawa-Ku
Yokohama, Kanagawa 221-0022
Japan

KOREA

Brady Corporation S.E.A. Pte Ltd. -
Korean Branch
272-2 Yatap-dong, Bundang-gu
Seongnam
Gyeonggi-do Lighthouse, 4th floor,
42 peong
Seoul, Republic of Korea (South)

MALAYSIA

Brady Corporation S.E.A. Pte. Ltd.
54-G-2,Wisma Sri Mata
Jalan Van Praagh
11600 Penang, Malaysia

Brady Technology Sdn Bhd
Level 41- Suite B
Menara Maxix
Kuala Lumpor City Center
50088 Kuala Lumpur

MEXICO

W.H. Brady S. de R.L. de C.V.
Iago Iseo, N. 91
Col. Anahuac
11320 Mexico D.F., Mexico

PHILIPPINES

Brady Corporation S.E.A. Pte. Ltd.
9 Narra Drive, Palmera Heights III
Valley Golf, Cainta Rizal
Philippines 1900

SINGAPORE

Brady Corporation S.E.A. Pte. Ltd.
Brady Corporation Asia Pte. Ltd.
55 Ayer Rajah Crescent #03-25
Ayer Rajah Industrial Estate
Singapore 139949

SWEDEN

Brady AB
Karins Vag 5
194 54 Upplands Vasby
Sweden

TAIWAN

Brady Corporation S.E.A. Pte. Ltd.
6F-2, 412, Chung Hsiao E. Rd.
SEC 5
Taipei 110, Taiwan

UNITED KINGDOM

Brady Corporation Ltd.
Wildmere Industrial Estate
Banbury, Oxfordshire
0X16 7JU
United Kingdom

BRADY CORPORATION 2002 ANNUAL REPORT

BRADY CORPORATION
P.O. Box 571
Milwaukee, WI 53201-0571
www.bradycorp.com

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environmental stewardship, this brochure is recyclable.