Press Releases

The Andersons, Inc. today announced a cash dividend of 4.5 cents per share, payable October 23, 2006, to shareholders of record on October 2, 2006.

This is The Andersons' 40th consecutive quarterly cash dividend since its listing on Nasdaq on February 20, 1996. There are about 15.3 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.

SOURCE: The Andersons, Inc.