THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Fastenal Company (FAST)

2/23/2006 Proxy Information

Robert A. Kierlin served as Chief Executive Officer of Fastenal Company from 1968 through December 2002 and as President from 1968 through July 2001.

Stephen M. Slaggie is co-founder of Fastenal Company and served as Secretary from 1970 through June 2003. He was a full-time employee from December 1987 through June 2003, at which time he assumed the additional duties of Shareholder Relations Director and Insurance Risk Manager.

3/1/2005 Proxy Information

Robert A. Kierlin served as Chief Executive Officer of Fastenal Company from 1968 through December 2002 and as President from 1968 through July 2001.

Stephen M. Slaggie is co-founder of Fastenal Company and served as Secretary from 1970 through June 2003. He was a full-time employee from December 1987 through June 2003, at which time he assumed the additional duties of Shareholder Relations Director and Insurance Risk Manager.

2/25/2004 Proxy Information

Robert A. Kierlin served as Chief Executive Officer from 1968 through December 2002, and as President from 1968 through July 2001.

Mr. Slaggie is co-founder of Fastenal Company and served as Secretary from 1970 through June 2003.

The Company does not have a Compensation Committee or any other committee of the Board of Directors performing equivalent functions. The Board of Directors makes decisions regarding compensation of executive officers of the Company. Each of Robert A. Kierlin and Stephen M. Slaggie, who were executive officers and employees of the Company during part of fiscal 2003, and Reyne K. Wisecup, who is an employee of the Company, participated in all deliberations of the Board during fiscal 2003 concerning executive officer compensation. Mr. KierlinŐs and Mr. SlaggieŐs annualized compensation in fiscal 2003 did not change from the previous year. Mr. Kierlin and Mr. Slaggie ceased being executive officers and employees of the Company in June 2003. No other officers or employees of the Company or any of its subsidiaries participated in deliberations of the Board during fiscal 2003 concerning executive officer compensation.