February 23, 2005

Harris Steel raises dividend, names board director

TORONTO

Harris Steel Group Inc. has raised its dividend by half and appointed a lead director on its board.

The Toronto-area steel distributor says it will pay nine cents a share, an increase of three cents, or 50 per cent, from the dividends paid in the second, third and fourth quarters last year.

The dividend will be paid to shareholders March 31.

Harris Steel also announced the appointment of Geno Francolini, a longtime member of the steelmaker’s board, as the company’s lead director.

Harris Steel fabricates and sells concrete reinforcing steel, wire and other steel products.

The Canadian Press

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