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Gibraltar Declares Fourth Quarter 1999 Dividend Payment

8 March 2000

Gibraltar Declares Fourth Quarter 1999 Dividend Payment

    BUFFALO, N.Y., March 7 The Board of Directors of Gibraltar
has declared a cash dividend of $.025 per share for the quarter
ended December 31, 1999.  The dividend will be payable on March 31 to
shareholders of record on March 17.
    In 1999, Gibraltar initiated an annual dividend of $.10 per share, payable
at the quarterly rate of $.025 per share, and it reviews the payment of this
quarterly.
    On January 25, Gibraltar announced that its earnings in 1999 grew by
26 percent to $25 million, and its annual sales increased by 11 percent to
$622 million.  The Company said that 1999 was its eighth straight year of
sales and earnings growth, and that it was in an excellent position to
continue building on its record of success.
    Information contained in this release, other than historical information,
should be considered forward-looking, and may be subject to a number of risk
factors, including: the impact of changing steel prices on the Company's
results of operations; changing demand for the Company's products; risks
associated with the integration of acquisitions; and changes in interest or
tax rates.
    Gibraltar is a growth-oriented company, with expanding operations in the
building and construction products, metal processing, and commercial
heat-treating markets. The Company serves approximately 9,000 customers in a
variety of industries.  It has approximately 3,100 employees and operates
49 facilities in 19 states and Mexico.