Milacron (MZ) Declares Dividends on 4% Cumulative Preferred Stock

CINCINNATI , OHIO - May 4, 2006…The board of directors of Milacron Inc. (NYSE: MZ) has declared a dividend of $1.00 per share for the first quarter (March dividend) and a dividend of $1.00 per share for the second quarter (June dividend) on its 4% Cumulative Preferred Stock. Both dividends are to be paid on June 1 to holders of record as of May 18.

Milacron is accruing dividends on its 6% Series B Convertible Preferred Stock for the first and second quarters.  No dividends were declared or accrued on its 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 51 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).