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Worthington Industries Insider Shares Announcement; Founder to Diversify Portfolio


COLUMBUS, Ohio--(BUSINESS WIRE)--July 1, 2004--Worthington Industries, Inc. (NYSE:WOR), announced today that Founder and Chairman Emeritus, John H. McConnell, 81, has approved a plan to sell up to 1.5 million common shares of Worthington Industries held by his family's corporation, JDEL, Inc. The sale will be conducted over an extended period, up to one year, and will increase JDEL's diversification and liquidity, benefiting estate planning. Mr. McConnell will remain Worthington Industries' largest shareholder, retaining beneficial ownership of more than 13.5 million common shares, approximately 15.5% of Worthington Industries' common shares outstanding.

Worthington Industries is a leading diversified metal processing company with annual sales of more than $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 8,000 people and operates 61 facilities in 10 countries.

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: Worthington Industries, Inc.
             Corporate Communications:
             Cathy Mayne Lyttle, 614-438-3077
             Investor Relations:
             Allison McFerren Sanders, 614-840-3133

    SOURCE: Worthington Industries, Inc.

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