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The Andersons, Inc. Announces Increased Third Quarter Cash Dividend

The Andersons, Inc. today announced a cash dividend of 8-1/2 cents per share, payable July 22, 2005, to shareholders of record on July 1, 2005. This dividend represents a 6.3% increase over the quarterly dividends paid in the first two quarters of 2005.

This is The Andersons' 35th consecutive quarterly cash dividend since its listing on Nasdaq on February 20, 1996. There are approximately 7.4 million common shares outstanding.

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 materials 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. Total revenues in 2004 were $1.3 billion.

The Andersons, Inc. is located on the Internet at .

SOURCE: The Andersons, Inc.

CONTACT: Gary Smith, VP Finance & Treasurer of The Andersons, Inc.,