Milacron (MZ) Declares Dividends on Series B Preferred Stock

CINCINNATI , OHIO, May 4, 2005 - Milacron Inc. (NYSE: MZ) today announced that its board of directors has declared a dividend of $3.00 per share on its 6% Series B Convertible Preferred Stock for the period of March 1 - May 31, 2005.  The dividend, payable on June 1 to holders of record as of May 18, is contingent on the company's satisfying an availability test under its revolving credit facility at the time of payment.

Previously, on February 11, 2005, the board had declared a dividend for the second quarter of 2005 of $1.00 per share on its 4% Cumulative Preferred Stock payable on June 1 to holders of record as of May 18.

No dividends were declared on Milacron common stock.

Milacron currently has outstanding: 60,000 shares of 4% Cumulative Preferred Stock, 500,000 shares of 6% Series B Convertible Preferred Stock, and approximately 49.8 million shares of common stock.

First incorporated in 1884, Milacron is a leading global supplier of plastics-processing technologies and industrial fluids, with major manufacturing facilities in North America, Europe and Asia.  For further information, visit www.milacron.com or call the toll-free investor line: 800-909-MILA (800-909-6452).