Dean Reber Receives Milacron's Neil A. Armstrong Award

CINCINNATI , OHIO - February 24, 2003....Milacron Inc. (NYSE: MZ) has announced that Dean Reber, PhD, is the recipient of its Neil A. Armstrong Award for 2002.  Reber, who retired from Milacron after 31 years of service, was honored at a special awards ceremony held at the Queen City Club in downtown Cincinnati.

The award recognizes exceptional career employees who demonstrate the pioneering spirit and professional achievement levels of the former astronaut. Neil Armstrong retired in September 2000 from Milacron's board of directors after 20 years of esteemed service.

"For three decades, Dean Reber played a pivotal role in laying the technology foundation for Milacron's success as a supplier of plastics processing solutions worldwide," said Ronald D. Brown, Milacron chairman and chief executive officer. "He is highly respected throughout the company and the plastics industry for his many contributions to the advancement of plastics technologies. Dean's pioneering spirit helped Milacron realize its leadership position in plastics, and we are very pleased that he is the recipient of our Neil A. Armstrong Award for 2002."

Reber joined Milacron's mechanical research and development group in 1971, focusing primarily on plastics processing. During his career he managed application and process control R&D efforts for plastics technologies, and served as product development director for plastics processing machinery supplied from Batavia, Ohio for North American markets. A principal player in the early days of Milacron's customer-focused product development strategy, Reber directed the engineering of blow molding and extrusion products prior to heading up global business development for plastics technologies, his position upon company retirement in February 2002.  He holds an undergraduate degree in chemical engineering from North Carolina State University, an MS and PhD in chemical engineering from Ohio State University, and an MBA from Xavier University. He is a registered professional engineer in the State of Ohio and is a member of the Society of Plastics Engineers.

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First incorporated in 1884, Milacron is a leading global supplier of plastics-processing technologies and industrial fluids, with 4,000 employees and major manufacturing facilities in North America, Europe and Asia.