NATIONAL PRESTO ACQUIRES ABSORBENT PRODUCTS BUSINESS

Eau Claire, Wisconsin (October 17, 2003) – National Presto Industries, Inc. (NYSE: NPK) announced today that its absorbent products subsidiary has purchased the assets of NCN Hygienic Products, Inc., a small Marietta, Georgia, manufacturer of adult incontinence products and training pads for pets. The products of the purchased company are sold to private label and institutional customers. In its most recently completed fiscal year, NCN recorded sales of approximately $10 million.

Presto first ventured into the absorbent products business in November 2001, when it purchased the assets of a baby diaper manufacturer located in Eau Claire, Wisconsin. Since that time, the company has identified absorbent products as an area for future growth and development. The current acquisition provides National Presto with its first position as a producer in the adult and pet markets.

National Presto is primarily known for its small household electric appliances and pressure cookers, which are sold under the Presto® brand name. The company is widely recognized as an innovator of new products.

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