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Donaldson Company Announces 2003 Analysts' Day

14 August, 2003

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 14, 2003--Donaldson Company, Inc. (NYSE:DCI) announced that it will host its second annual analysts' day on September 24, 2003, at its Minneapolis headquarters. The event will include a general overview of the company by Bill Van Dyke, chairman, president and CEO, as well as presentations by all of Donaldson's division chiefs. All of the company's presentations will be Webcast.

WHEN: Wednesday, September 24, 2003
    Presentations:  9:00 a.m. - 1:00 p.m. CT  (10:00 a.m. - 2 p.m. ET)

WEBCAST: To listen to the live Webcast of the presentations, go to
    Donaldson's Web site, www.donaldson.com, click on "Investor
    Relations" and then the Webcast icon.

    The Webcast replay will be available from Wednesday, September 24,
    2003, at 2:30 p.m. CT until Wednesday, October 8, 2003, at 6:00
    p.m. CT. Listening to the Webcast requires speakers and Windows
    Media Player.

CONTACT: The Carideo Group Inc., Minneapolis Tony Carideo, 612-317-2880 E-mail: tony@carideogroup.com or Donaldson Company, Inc., Minneapolis Rich Sheffer, 952-887-3753 E-mail: rsheffer@mail.donaldson.com

SOURCE: Donaldson Company, Inc.

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