HELD MAY 20, 2003

Eau Claire, Wisconsin (May 21, 2003) -- National Presto Industries, Inc. (NYSE: NPK) shareholders reelected Melvin S. Cohen and Maryjo Cohen to new three-year terms as directors at the May 20, 2003, annual stockholders meeting. In addition, new products and newly styled products for 2003 were shown to shareholders at the meeting.

Presto’s 2003 new product introductions include the following: 1) Two new immersible element, professional styled deep fryers, for convenient home cooking. The first fryer contains a single large basket, while the second is a dual basket unit, enabling the frying of two different foods simultaneously. Both feature an 1800-watt element that provides quick preheating and ultra fast oil temperature recovery. 2) A bronze, electric skillet and server in an attractive oval shape, with deluxe, nonstick surface inside and out, glass cover, and automatic heat control. 3) The PRESTO® Professional EverSharp® electric knife sharpener handsomely restyled with a deluxe, brushed, stainless-like finish trimmed in black. 4) The new PRESTO® 4-in-one electronic clock/timer that provides four functions in one compact unit -- a four event timer, enabling the timing of four different activities at once, a stop watch, calendar, and clock. The clock/timer also features an extra large screen for easy reading, along with a special clip-on back, which converts to an easel or magnetic stand. These products will all be available for shipment in the second half of 2003.

National Presto manufacturers and sells small household electrical appliances and pressure cookers under the Presto® brand name. The company is widely recognized as an innovator of new products.

Home of world famous Presto® Pressure Cookers, Pressure Canners and innovative Electric Appliances.

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