Cascade Corporation Directors Approve Quarterly Dividend

PORTLAND, Ore.--Dec. 3, 2004--Robert C. Warren, Jr., President and Chief Executive Officer of Cascade Corporation , announced that the Board of Directors has declared a quarterly dividend of $0.12. The dividend will be paid on January 14, 2005 to shareholders of record on December 31, 2004.

Forward-Looking Statements:

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that forward-looking statements are dependent on a number of factors that affect Cascade's operating results. Results could differ materially based on various factors, including the Company's performance and market conditions.

Cascade Corporation, headquartered in Portland, Oregon, is a leading international manufacturer of materials handling products used primarily on lift trucks. Additional information on Cascade is available on its web site, www.cascorp.com.