Harmon Industries NASDAQ: HRMN For Immediate Release

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

Harmon Announces Stock Split

BLUE SPRINGS, Mo. (Tuesday, February 3, 1998) -- Harmon Industries Inc., a leading supplier of signal and train control products to railroads and transit systems throughout North America and the world, announced today plans to split its stock.

This three for two stock split will be affected in the form of a stock dividend. Shareholders will receive one additional share of stock for each two shares presently held. The new shares will be issued February 27, 1998 to stockholders of record on February 13, 1998.

Harmon Industries' president and chief executive officer, Björn E. Olsson said that Harmon's Board of Directors is taking this action based on the company's exceptional performance in recent years. He continued, "We also want to address the market's increased demand for available shares and keep shares affordable to investors."

Harmon Industries, Inc. is a leading supplier of signal and train control products to freight and transit systems throughout North America and the world. The company is traded in the over-the-counter market and is quoted on the NASDAQ National Market System under the symbol HRMN . For further information, please contact Charles M. Foudree, executive vice president-finance, Harmon Industries Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.

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