BLOOMINGTON, Minn., Mar 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has approved a two-for- one stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend. Holders of Toro's Common Stock will receive one additional share of Common Stock for every share held on the record date of April 1, 2003, payable April 14, 2003. Additionally, Toro's board of directors declared a regular quarterly cash dividend on a pre-split basis of 12 cents per share (six cents per share on a post-split basis) payable April 14, 2003 to stockholder of record April 1, 2003. As of March 20, the company has 12,498,320 common shares outstanding. As a result of the split, the number of outstanding common shares will double.

Toro is a leading worldwide provider of outdoor maintenance and beautification products for home, recreation and commercial landscapes.

SOURCE Toro Company

CONTACT:          Investor Relations, Stephen P. Wolfe, Vice President, CFO,
                  +1-952-887-8076, or Stephen D. Keating, Director, +1-952-887-8526; or Media
                  Relations, Shelley Benedict, Toro Media Relations, +1-952-887-8930,
                  pr@toro.com , all of The Toro Company
                  /Company News On-Call:  http://www.prnewswire.com/comp/103025.html 

URL:              http://www.toro.com 
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