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The Andersons, Inc. Anticipates Strong 2005 Earnings
Cites 4th Qtr. Performances of Grain, Rail, Plant Nutrient & Retail Businesses

The Andersons, Inc. , today announced that it expects 2005 full-year earnings should exceed $3.00 per diluted share. In December, the company indicated it anticipated that 2005 earnings would surpass the upper end of its previously- projected range of $2.20 to $2.50 per diluted share. In 2004, the company earned $2.55 per diluted share.

According to President and Chief Executive Officer Mike Anderson, "Our fourth quarter earnings are proving to be even stronger than we thought as recently as a month ago. Exceptionally strong fourth quarter performances in our grain and rail businesses and better than anticipated results in our plant nutrient and retail businesses have been the catalysts for the earnings improvement. The final results will be available in early February."

The Andersons, Inc. is a diversified company with interests in the grain and plant nutrient sectors of U.S. agriculture, as well as in railcar marketing, industrial products formulation, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company presently has operations in seven U.S. states plus rail equipment leasing interests in Canada and Mexico.

This release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks include economic, weather and regulatory conditions, competition, and the risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct.

The Andersons, Inc. is located on the Internet at

SOURCE: The Andersons, Inc.

CONTACT: Gary Smith of The Andersons, Inc., +1-419-891-6417