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Worthington Industries Increases Annual Dividend For 32nd Consecutive Year


Columbus, Ohio, MAY 22, 2000 ---At a meeting held on May 20, 2000, the Board of Directors of Worthington Industries, Inc. (NYSE:WOR) declared a regular quarterly dividend of $0.16 per share, payable on June 29, 2000 to shareholders of record June 15, 2000.  The $0.16 per share quarterly dividend represents a 7% increase from the previous $0.15 per share dividend.

The annual dividend payout increased 7% to $0.61 per share from the last year's $0.57 per share.  Worthington Chairman and CEO John P. McConnell said, “Worthington has increased its annual dividend for 32 consecutive years, every year since going public in 1968.  We are very proud to be one of the few public companies that has achieved annual dividend increases over that period.”

Worthington Industries is a leading diversified metal processing company with annual sales of approximately $2 billion.  The Columbus, Ohio, based Company is North America's premier value-added steel processor and a leader in manufactured metal products such as automotive aftermarket stampings, pressure cylinders, metal framing, metal ceiling grid systems and laser welded blanks.  The Company employs 7,500 people and operates 54 facilities in 11 countries.

Founded in 1955, the Company operates under a long-standing corporate philosophy rooted in the golden rule, with earning money for its shareholders as the first corporate goal.  This philosophy, an unwavering commitment to the customer, and one of the strongest employee partnerships in American industry serve as the Company's foundation.


Cathy Mayne Lyttle

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