Cascade Corporation Directors Approve Dividend

  Cascade Corporation Directors Approve Dividend

Business Wire

PORTLAND, Ore. -- November 05, 2012

Cascade Corporation (NYSE: CASC) - Robert C. Warren, Jr., President and Chief
Executive Officer of Cascade Corporation, announced today that the Board of
Directors has declared a regular quarterly dividend of $0.35 per share,
payable on November 26, 2012, to shareholders of record as of November 15,

Shareholders of record on the November 15^th record date will receive the
dividend even if their shares have been tendered pursuant to the tender offer
announced by Toyota Industries Corporation ("TICO") and its subsidiary,
Industrial Components and Attachments II, Inc. ("Purchaser"), prior to the
record date.

Forward-Looking Statements:

This press release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
which include, among others, statements relating to our expectations with
respect to global lift truck demand and future levels of business activity.
Readers are cautioned that a number of factors could cause our actual results
to differ materially from any results indicated in this release or in any
other forward-looking statements made by us, or on our behalf. These include,
among others, factors related to general economic conditions, interest rates,
the impact of the European debt crisis on our European market and the global
economy, performance of our manufacturing facilities, and the cyclical nature
of the materials handling and construction equipment industries. Further,
historical information should not be considered an indicator of future
performance. Additional considerations and important risk factors are
described in our reports on Form 10-K and 10-Q and other filings with the
Securities and Exchange Commission ("SEC").

About Cascade Corporation:

Cascade Corporation, headquartered in Fairview, Oregon, is a leading
international manufacturer of materials handling products used primarily on
lift trucks. Additional information on Cascade is available on its website,

Additional Information

This communication is neither an offer to purchase nor a solicitation of an
offer to sell any shares of Cascade common stock or any other securities. TICO
and Purchaser have filed a tender offer statement on Schedule TO with the SEC,
as amended from time to time, and the offer to purchase shares of Cascade
common stock will only be made pursuant to the offer to purchase, the letter
of transmittal and related documents filed as a part of the Schedule TO
Cascade has filed a related Solicitation/Recommendation Statement on Schedule
14D-9. Investors and security holders are urged to read both the tender offer
statement, as filed and as it may be amended from time to time, and the
solicitation/recommendation statement, as filed and as it may be amended from
time to time, because they contain important information regarding the offer.
Investors and security holders may obtain a free copy of these statements and
other documents filed with the SEC at the website maintained by the SEC at or by directing such requests to Cascade Corporation, Investor
Relations at 2201 N.E. 201st Ave., Fairview, Oregon 97024-9718, Tele. No.
(503) 669-6210. In addition, a copy of the offer to purchase, letter of
transmittal and certain other related tender offer documents may be obtained
free of charge by directing a request to Toyota Industries Corporation, c/o
MORROW & CO., LLC, 470 West Avenue, Stamford, Connecticut 06902 or by calling
toll-free 800-662-5200 or emailing


Cascade Corporation
Joseph G. Pointer, 503-669-6300
Chief Financial Officer
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