Myers Industries Declares 5-for-4 Stock Split; Marks 27 Consecutive Years of Increased Cash Payout to Shareholders

    AKRON, Ohio--June 26, 2002--Myers Industries, Inc. Board of Directors, in a meeting held today, approved a 5-for-4 stock split to be distributed on August 30, 2002, to shareholders of record as of August 9, 2002. The Board then declared a regular quarterly cash dividend of $.05 per share, payable on the increased number of shares resulting from the 5-for-4 stock split. The cash dividend will be payable October 1, 2002, to shareholders of record as of September 6, 2002.
    The effective 4 percent increase in the cash dividend marks 27 consecutive years in which the Company has increased its cash payout to shareholders.

    Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire, wheel, and undervehicle service industry in the U.S. Myers has 25 manufacturing facilities in North America and Europe, 43 domestic and five international distribution branches, more than 20,000 products, and more than 4,100 employees. Visit www.myersind.com to learn more.