Press Releases

The Andersons, Inc. today announced a first quarter 2008 cash dividend of 7.75 cents ($0.0775) payable January 23, 2008, to shareholders of record on January 2, 2008.

This is the second consecutive quarter the company has provided a dividend of this magnitude. It represents a 63 percent increase over the dividend paid during the first quarter of 2007.

This is The Andersons' 45th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18 million common shares outstanding.

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 seven U.S. states plus rail leasing interests in Canada and Mexico. For more, visit The Andersons online at www.andersonsinc.com.

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SOURCE: The Andersons, Inc.