Harmon Industries NASDAQ: HRMN For Immediate Release

Charles M. Foudree (816) 229-3345 [email protected]

Harmon Industries Announces Dividend

BLUE SPRINGS, MO. (Tuesday, May 12, 1998) -- Harmon Industries, Inc., a leading supplier of signal, inspection and train control products to railroads and transit systems throughout North America and the world, announced a semi-annual dividend of five and one-half cents per common share, an increase of 10 percent over previous years. The cash dividend will be paid June 19, 1998 to common shareholders of record on May 29, 1998.

Harmon Industries, Inc. trades on the NASDAQ Stock Market under the symbol "HRMN". For further information, please contact Charles M. Foudree, executive vice president - finance and chief financial officer, Harmon Industries, Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.

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