The Andersons, Inc. Announces Increased Cash Dividend

PRNewswire-FirstCall
MAUMEE, Ohio
Dec 17, 2002

The Andersons, Inc. today announced a cash dividend of 7 cents per share, payable January 22, 2003, to shareholders of record on January 2, 2003. This dividend represents an 8% increase over the quarterly dividends paid in 2002.

This is The Andersons' 25th consecutive quarterly cash dividend since its listing on Nasdaq on February 20, 1996. There are approximately 7.1 million common shares outstanding.

The Andersons, Inc. is a respected leader and prominent player in grain merchandising and wholesale fertilizer distribution in the eastern Corn Belt. 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.

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SOURCE: The Andersons, Inc.

CONTACT: Gary Smith, VP Finance & Treasurer of The Andersons, Inc.,
+1-419-891-6417, or gary_smith@andersonsinc.com


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