The Andersons Announces Cash Dividend

PRNewswire
MAUMEE, Ohio
Feb 28, 2001

The Andersons, Inc. today announced a cash dividend of 6.5 cents per share, payable April 23, 2001, to shareholders of record on April 2.

This is the company's 18th consecutive quarterly cash dividend since its listing on Nasdaq on Feb. 20, 1996. There are approximately 7.5 million common shares outstanding.

The Andersons, Inc. is a respected leader and prominent regional player in grain merchandising. Its strong position in this basic business has allowed the company to diversify into other agribusiness operations, railcar leasing, turf care product manufacturing and distribution, and general merchandise retailing. The company has been in operation since 1947.

SOURCE: The Andersons, Inc.

Contact: Gary Smith, Vice President, Finance and Treasurer of The
Andersons, Inc., 419-654-9106


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