Press Releases

The Andersons, Inc. today announced a cash dividend of 4.75 cents per share, payable January 22, 2007, to shareholders of record on January 2, 2007. This dividend represents a 5.6 percent increase over the quarterly dividend paid in the fourth quarter of 2006.

This is The Andersons' 41st consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are about 17.6 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 marketing, industrial products formulation, 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 equipment leasing interests in Canada and Mexico. For more, visit The Andersons online at www.andersonsinc.com.

SOURCE: The Andersons, Inc.