Toro Board of Directors Authorizes Share Purchase Oct 1, 2004

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The board of directors of The Toro Company authorized the outdoor appliance maker 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 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.

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