---

Gibraltar Declares Third Quarter 2000 Dividend Payment

5 December 2000

Gibraltar Declares Third Quarter 2000 Dividend Payment

    BUFFALO, N.Y, Dec. 5 The Board of Directors of Gibraltar
has declared a cash dividend of $.03 per share for the quarter
ended September 30, 2000.  The dividend will be payable on January 2, 2001, to
shareholders of record on December 20, 2000.
    On October 18, Gibraltar reported its best-ever third quarter sales and
earnings, with sales increasing by 9.5 percent to $178.3 million and net
income of $7.2 million, or $.57 per diluted share.  The Company also said it
expects that 2000 will be its ninth consecutive year of record sales and
earnings.
    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 10,000 customers in a
variety of industries.  It has approximately 3,700 employees and operates
52 facilities in 19 states and Mexico.
    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's news releases, along with comprehensive information about the
Company, are available on the Internet, at http://www.gibraltar1.com.