Ceremony at 2004 PGA Show Features Company Founder

Orlando, FL - January 29, 2004 - E-Z-GO Textron, the world leader in the golf car and utility vehicle market, kicked off the company's 50th Anniversary Year with a special ceremony at the 2004 PGA Show in Orlando, Florida.

Company founder and retired Textron Chairman/CEO Bev Dolan and former E-Z-GO Chairman Emeritus L.T. Walden joined E-Z-GO President John Garrison for a special toast commemorating the occasion.

"It is an honor to have two men who had such an impact on this company with us today," said Mr. Garrison. "Bev Dolan laid the foundation for our success. His vision and leadership in the early years and his continuous support since 1954 are key reasons E-Z-GO is the leader that it is today. "

"L.T. Walden's leadership is responsible for much of E-Z-GO's success. His experience and product knowledge, as well as the customer and employee relationships he cultivated over the years, were integral to our growth. L.T. is the embodiment of the E-Z-GO spirit. His impact will be felt for years to come," added Mr. Garrison said.

What began in a one-room machine shop in Augusta, Georgia has grown into the global industry leader in golf cars and utility vehicles. The company currently produces almost 50 vehicles at their 65-acre headquarters and manufacturing complex in Augusta.

E-Z-GO Textron, based in Augusta, Georgia, is celebrating its 50th anniversary in 2004. The company manufactures the #1 selling golf car in the world. Additionally, E-Z-GO is a leading provider of industrial, turf and utility vehicles for a variety of applications and industries. More information is available at www.ezgo.com.

Textron Inc. (NYSE: TXT) is a $10 billion multi-industry company with more than 43,000 employees in 40 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.