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Cascade Corporation Directors Approve Quarterly Dividend

14 May 1999

Cascade Corporation Directors Approve Quarterly Dividend

    PORTLAND, Ore.--May 14, 1999--Robert C. Warren, Jr., President and Chief Executive Officer of Cascade Corporation , announced that the Board of Directors has declared the regular quarterly dividend of $0.10.
    The dividend will be paid on June 11, 1999 to shareholders of record on May 20, 1999.
    Cascade Corporation held its Annual Shareholders Meeting in Portland, Ore., on May 13, 1999. In his remarks at the meeting, Mr. Warren reviewed record operating results for the year ended January 31, 1999, and indicated that the first two months of the year have resumed the improvement shown through most of fiscal 1998. "The markets we serve remain strong in most parts of the world," Warren noted.
    Cascade Corporation, headquartered in Portland, Ore., is a leading international manufacturer of lift truck attachments, forks, and accessories.

    Under the "safe harbor provision" of the Private Securities Litigation Act, Cascade Corporation is required to advise you that this news release contains "forward looking statements" based on assumptions as to future sales and earnings, which in turn are dependent on economic conditions in general including interest rates, and on competitive factors in, and on the cyclical nature of the Materials Handling Industry.