The Andersons Nominates Manire to Board of Directors

PRNewswire-FirstCall
MAUMEE, Ohio
Mar 20, 2008

The Andersons, Inc. has nominated Ross W. Manire to the company's Board of Directors. Manire's nomination will be voted upon during the company's annual meeting in May.

If elected, Manire will fulfill the seat of John F. Barrett. Mr. Barrett, Chairman, President and CEO of Western & Southern Financial Group, has served on The Andersons Board of Directors since 1992 and has chosen not to stand for re-election.

"John Barrett has been a valuable member of our Board for nearly 16 years," reflects Chairman Dick Anderson. "John was instrumental in preparing the company to go public in 1996 and has always provided our Board with a great perspective and insight. He will truly be missed.

"At the same time," continues Anderson, "We are pleased that Ross Manire has agreed to stand for election in May. We believe Ross will be a great asset to our Board and look forward to his contributions."

Mr. Manire currently serves as the Chairman and CEO of ExteNet Systems, Inc., Chicago, a wireless telecommunications company he founded in 2003. He also has held senior management positions at Flextronics International, San Jose; Chatham Technologies, Inc., Dallas; 3Com Corporation, San Jose, Calif., Ridge Capital Corporation, Barrington, Ill., and as a Partner of Ernst & Young, Chicago.

A graduate of Davidson College, Davidson, North Carolina, Mr. Manire earned a bachelor's degree in economics with honors. He earned his MBA from the University of Chicago.

About The Andersons, Inc.

The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in eight U.S. states plus rail leasing interests in Canada and Mexico. Total revenues in 2007 were $2.4 billion. For more, visit The Andersons online at www.andersonsinc.com .

First Call Analyst:
FCMN Contact:

SOURCE: The Andersons, Inc.

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


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