A. O. Smith Announces Quarterly Dividend Increase

July 8, 2003

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Milwaukee, Wis. (July 8, 2003) -- Directors of A. O. Smith Corporation (AOS-NYSE) today announced a $.01 increase in the company's quarterly cash dividend to a rate of $.15 per share.

The increased dividend will apply to both Common Stock and Class A Common Stock and is payable on August 15 to shareholders of record July 31.
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Inquiries

Helen Gurholt
Vice President - Investor Relations and
Financial Planning & Analysis
414-359-4157

hgurholt@aosmith.com

Media Relations

Curtis E. Selby
Senior Vice President - Human Resources and Public Affairs
414-359-4100

curt.selby@aosmith.com