Wescast Industries Inc. Declares Dividend

    BRANTFORD, Ontario--Oct. 23, 2002--Wescast Industries Inc. (TSX:WCS.A.TO) has declared a dividend on its common shares in the amount of $0.12 per common share, and such dividend shall be payable on November 22, 2002 to shareholders of record at the close of business on November 1, 2002.

    About Wescast Industries Inc.:

    Wescast Industries Inc. is the world's largest supplier of exhaust manifolds for passenger cars and light trucks. The Company designs, develops, casts and machines high-quality iron exhaust manifolds for automotive OEMs. Wescast has sales and design centres in Canada, the United States and Germany, as well as sales representation in the United Kingdom, France and Japan. The Company operates six production facilities in North America, including a 49% interest in United Machining Inc., an accredited Minority supplier in Michigan, and a 50% joint venture interest in Weslin Autoipari Rt., a Hungarian based supplier of cast iron exhaust manifolds and turbo charger housings for the European light vehicle market. The Company is recognized worldwide for its quality products, innovative design solutions and highly committed workforce.