MYERS INDUSTRIES DECLARES
INCREASED CASH DIVIDEND

FOR IMMEDIATE RELEASE: July 30, 1998, Akron, Ohio USA -- Myers Industries, Inc. (AMEX: MYE) Board of Directors, at a meeting held today, voted a 20 percent increase in the Company's cash dividend. The board raised the quarterly dividend from $.05 to $.06 per share. The dividend is payable October 1, 1998 to shareholders of record as of September 11, 1998. This is the 23rd consecutive year in which the Company has increased its effective cash dividends.

Myers Industries, Inc. is a diversified manufacturer of polymer and metal products for industrial, commercial, and consumer markets; and a nationwide distributor of tire repair and undercar service products.

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