Lancaster Colony Continues Higher Cash Dividend

    COLUMBUS, Ohio, Aug. 29 Lancaster Colony Corporation announced today that its Board of
Directors has declared a quarterly cash dividend of 17 cents per share on
the company's common stock, payable September 28, 2001 to shareholders of
record on September 10, 2001.  The board voted to continue the cash dividend
at the higher level set nine months ago.  At that time, the company marked
38 consecutive years of increasing cash dividends each year.
    John B. Gerlach, Jr., chairman and chief executive officer of Lancaster
Colony, said, "The dividend reflects the company's continued strong financial
position, and will be the 153rd consecutive quarterly cash dividend paid by
the company since September 1963."  He noted that this dividend brings the
indicated annual payout for the current fiscal year ending June 30, 2002 to
68 cents per share, up from the 67 cents per share paid in the fiscal year
ended June 30, 2001.
    Common shares currently outstanding are approximately 37,187,000.
    Lancaster Colony Corporation manufactures and markets three families of
consumer products: Specialty Foods for the retail and foodservice markets;
Glassware and Candles for the retail, industrial, floral and foodservice
markets; and Automotive accessories for the original equipment market and
aftermarket.

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