Milacron (MZ) Declares Dividends on Preferred Stock

CINCINNATI, OHIO, February 11, 2005  - Milacron Inc. (NYSE: MZ) today announced that its board of directors has declared a dividend for the second quarter of 2005 of $1.00 per share on its 4% Cumulative Preferred Stock to be paid on June 1 to holders of record as of May 18.  Previously, on November 2, 2004, the board had declared a dividend for the first quarter of 2005 of $1.00 per share on its 4% Cumulative Preferred Stock payable on March 1, with a record date of February 28.

Milacron's board of directors also declared a dividend of $3.00 per share on its 6% Series B Convertible Preferred Stock for the period of December 1, 2004 through February 28, 2005. The dividend, payable on March 1 to holders of record as of February 28, 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 48.6 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 the company's web site or call the toll-free investor hot line: 800-909-MILA (800-909-6452).