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Worthington Industries Closes Acquisition of Unimast Incorporated

08/01/2002

Unimast is a manufacturer of construction steel products including light gauge steel framing, plastering steel and trim accessories, with revenues of approximately $230 million last year.

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 59 facilities in 10 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/employer partnerships in American industry, serve as the company's foundation. Worthington Industries is listed as one of the 100 Best Companies to Work For in America by Fortune magazine.

Safe Harbor Statement

The company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 ("the Act"). Statements by the company, which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward- looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks described from time to time in the company's filings with the Securities and Exchange Commission.

CONTACT:
Cathy Mayne Lyttle, VP, Corporate Communications, +1-614-438-3077, or e-mail, cmlyttle@WorthingtonIndustries.com, or Allison McFerren Sanders, Director, Investor Relations, +1-614-840-3133, or e-mail, asanders@WorthingtonIndustries.com, both of Worthington Industries, Inc.

URL: http://www.worthingtonindustries.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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