Press Releases

The Andersons, Inc. today announced a cash dividend of 6.5 cents per share, payable July 22, 2002, to shareholders of record as of July 1, 2002.

There are approximately 7.3 million common shares outstanding.

This is The Andersons' 23rd consecutive quarterly cash dividend since its listing on Nasdaq on Feb. 20, 1996.

The Andersons, Inc. is a respected leader and prominent player in grain merchandising and wholesale fertilizer distribution in the eastern Corn Belt. Its strong position in this basic business has allowed the company to diversify into other agribusiness operations, railcar leasing, turf care product manufacturing and distribution, and general merchandise retailing. The company has been in operation since 1947.

The Andersons, Inc. is located on the Internet at http://www.andersonsinc.com/ .

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SOURCE: The Andersons, Inc.