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Cascade Corporation Directors Approve Quarterly Dividend

16 August 1999

Cascade Corporation Directors Approve Quarterly Dividend

    PORTLAND, Ore.--Aug. 13, 1999--Robert C. Warren, Jr., president and chief executive officer of Cascade Corporation, announced that the Board of Directors has declared a quarterly dividend of $.10.
    The dividend will be paid on Sept. 10, 1999 to shareholders of record on Aug. 19, 1999.
    Warren added that European and North American business has not been as strong as expected. "While our margins have improved, lower than expected revenues will result in Second Quarter earnings somewhat below first quarter operating results," Warren said.
    Cascade Corporation, headquartered in Portland, Oregon 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 dependant on economic conditions in general including interest rates, and on competitive factors in, and on the cyclical nature of the Materials Handling Industry.