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The Toro Company Board of Directors Authorizes Purchase of Up to 1,000,000 Additional Shares

BLOOMINGTON, Minn., Sep 30, 2004 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Toro Company (NYSE: TTC) today authorized the company to purchase up to 1,000,000 additional shares of its common stock, from time to time, in the open market or in privately negotiated transactions.

This new authorization is in addition to approximately 1,000,000 remaining shares available for repurchase under a previous authorization. The company continues to believe that a stock repurchase program is in the best interests of its stockholders and is an appropriate use of cash.

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

SOURCE The Toro Company

Investor Relations, Stephen P. Wolfe, Vice President, CFO, 952-887-8076,
or Tom Larson, Assistant Treasurer, 952-887-8449,
or Media Relations, Connie Hawkinson, Toro Media Relations, 952-887-8984, or pr@toro.com
Company News On-Call: http://www.prnewswire.com/comp/103025.html

http://www.thetorocompany.com

Our Company

At The Toro Company, we take great pride in helping our customers enrich the beauty, productivity, and sustainability of the land. Founded in 1914, The Toro Company was built on a tradition of quality and caring relationships. Today, the company is a leading worldwide provider of innovative solutions for the outdoor environment including turf maintenance, snow and ice management, landscape, rental and specialty construction equipment, and irrigation and outdoor lighting solutions. Through a strong network of professional distributors, dealers and retailers in more than 125 countries, we proudly offer a wide range of products across a family of global brands to help golf courses, professional contractors, groundskeepers, agricultural growers, rental companies, government and educational institutions, and homeowners – in addition to many leading sports venues and historic sites around the world.