Strattec Security corporation: Declares quarterly dividend

CORPORATION (Nasdaq:STRT) announced today that the Company’s Board of
Directors, at its meeting held May 20, 2014, declared a cash dividend
for the Company’s 2014 fiscal fourth quarter of $0.11 per common share.
The dividend is payable on June 27, 2014 to shareholders of record as
of June 13, 2014.

STRATTEC designs, develops, manufactures and markets automotive Access
Control Products, including mechanical locks and keys, electronically
enhanced locks and keys, steering column and instrument panel ignition
lock housings, latches, power sliding side door systems, power lift
gate systems, power deck lid systems, door handles and related
products. These products are provided to customers in North America,
and on a global basis through a unique strategic relationship with
WITTE Automotive of Velbert, Germany and ADAC Automotive of Grand
Rapids, Michigan. Under this relationship, STRATTEC, WITTE and ADAC
market our products to global customers under the “VAST” brand name.
STRATTEC’s history in the automotive business spans over 100 years.

Certain statements contained in this release contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements may be identified by the use of
forward-looking words or phrases such as “anticipate,” “believe,”
“could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,”
“will,” and “would.” Such forward-looking statements in this release
are inherently subject to many uncertainties in the Company’s
operations and business environment. These uncertainties include
general economic conditions, in particular, relating to the automotive
industry, consumer demand for the Company’s and its customers’
products, competitive and technological developments, customer
purchasing actions, foreign currency fluctuations, and costs of
operations (including fluctuations in the cost of raw materials).
Shareholders, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward-looking
statements and are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements made herein
are only made as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances occurring
after the date of this release. In addition, such uncertainties and
other operational matters are discussed further in the Company’s
quarterly and annual filings with the Securities and Exchange

CONTACT: Pat Hansen

Senior Vice President and

Chief Financial Officer