Milacron (MZ)  Declares Dividends on Preferred Stocks

CINCINNATI, OHIO, November 3, 2005  - Milacron Inc. (NYSE: MZ) today announced that its board of directors has declared quarterly dividends of $1.00 per share on its 4% Cumulative Preferred Stock and $3.00 per share on its 6% Series B Convertible Preferred Stock, both payable on December 1 to holders of record as of November 18.  The dividend on the 6% preferred stock is contingent on the company's satisfying an availability test under its revolving credit facility at the time of payment.

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 50 million shares of common stock.

First incorporated in 1884, Milacron is a leading global supplier of plastics-processing technologies and industrial fluids, with 3,500 employees and 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).