text: **COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN**
  
  Applied Industrial Technologies, Inc., Standard & Poor’s 500, and Peer Group 
  
  (Performance Results from 7/1/2007 through 6/30/2012) 
  
  Assumes $100 invested at the close of trading 6/30/07 in 
  Applied Industrial Technologies, Inc. common stock, Standard 
  & Poor’s 500, and Peer Group. 
  
  Cumulative total return assumes reinvestment of dividends. 
  
  The returns of the companies in the Peer Group are weighted 
  based on the companies’ relative stock market capitalization. 
  
  Peer Group companies selected on a line-of-business basis 
  include: DXP Enterprises, Inc.; Fastenal Company; Genuine 
  Parts Company; W. W. Grainger, Inc.; Kaman Corporation; 
  Lawson Products, Inc.; MSC Industrial Direct Co., Inc.; and 
  WESCO International, Inc. 