Apogee Enterprises Announces Share Repurchase Program

MINNEAPOLIS, Apr 25, 2002 (BUSINESS WIRE) -- Apogee Enterprises, Inc. (Nasdaq:APOG) announced today that its Board of Directors has authorized a share repurchase program under which up to 1 million shares of the company's common stock may be repurchased. Apogee said that shares may be purchased from time to time through open market transactions, block purchases, tender offers, private transactions, accelerated share repurchase programs or Rule 10b5-1 purchase plans and may be discontinued at any time.

"We believe that the share repurchase program is an excellent use of our cash that will enhance value for all Apogee shareholders," said Russell Huffer, Apogee chairman, president and chief executive officer. "This program is consistent with our goal of returning excess cash to our shareholders while continuing to reduce our outstanding debt."

Apogee has approximately 28.3 million shares of common stock outstanding. The repurchased shares will be available for re-issuance for employee stock option and other benefit plans and for other corporate purposes. The Company intends to fund such repurchases with internally generated funds.

Apogee Enterprises, Inc. (www.apog.com), headquartered in Minneapolis, is a world leader in technologies involving the design and development of value-added glass products, services and systems. The company is organized in three segments:

    --  Architectural products and services companies design,
        engineer, fabricate and install the walls of glass and windows
        comprising the outside skin of commercial and institutional
        buildings.
    --  Large-scale optical technologies companies develop and produce
        high technology glass that enhances the visual performance of
        products for the display, imaging and picture framing
        industries.
    --  Automotive replacement glass and services companies fabricate,
        repair and replace automobile windshields and windows.

CONTACT:          Apogee Enterprises, Inc., Minneapolis
                  Mary Ann Jackson, 952/830-0674
                  mjackson@apog.com

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