The Andersons, Inc. Announces Cash Dividend

PRNewswire-FirstCall
MAUMEE, Ohio
Aug 25, 2003

The Andersons, Inc. today announced a cash dividend of $0.07 per share, payable October 21, 2003, to shareholders of record on October 1, 2003. This is The Andersons' 28th 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 regional grain merchandiser with diversified businesses in agriculture, plant nutrient formulation and distribution, turf product production, railcar marketing and general merchandise retailing that generate revenues of approximately $1.1 billion per year. Founded in 1947, the company maintains grain and production facilities throughout the Midwest and six retail locations in northern and central Ohio. The Andersons' corporate headquarters is located in Maumee, Ohio. Additional information is available online at www.andersonsinc.com .

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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