---

Owosso Corporation Declares Regular Quarterly Cash Dividend

23 December 1999

Owosso Corporation Declares Regular Quarterly Cash Dividend

    KING OF PRUSSIA, Pa., Dec. 23 -- Owosso Corporation
today announced that its Board of Directors has authorized
payment of the Company's regular quarterly common cash dividend of $0.06 per
share.  The dividend is payable on February 4, 2000 to shareholders of record
on January 12, 2000.  At this time, Owosso has approximately 5,830,287 common
shares outstanding.
    Owosso Corporation is a diversified manufacturer of engineered component
products, primarily electric motors and heat exchange coils, as well as
all-aluminum trailers.  By operating in narrowly defined niche markets, Owosso
seeks to achieve revenue growth through market penetration and new product
development, while maximizing profit margins.  Owosso has manufacturing
facilities in seven states and the United Kingdom.  Its products are sold
throughout the United States and in Europe.
    To receive additional information on Owosso Corporation, via fax at no
charge, dial 1-888-OWOS-010, or visit Owosso's website, http://www.owosso.com.