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Press release from CNW Group

Algoma Central Corporation - Dividend Announcement

Monday, January 23, 2012

Algoma Central Corporation - Dividend Announcement16:05 EST Monday, January 23, 2012ALC-TTORONTO, Jan. 23, 2012 /CNW/ - Algoma Central Corporation is pleased to announce that the Board of Directors of the Corporation has authorized payment of a quarterly dividend to shareholders of $0.50 per common share. The dividend is payable on March 1, 2012 to shareholders of record on February 16, 2012. This dividend represents an increase of $0.05 per share to the quartertly dividend paid by the Corporation.For further information: Greg D. Wight, FCA            Peter D. Winkley, CA President and Chief Executive Officer          Vice President, Finance and Chief Financial Officer 905-687-7850             905-687-7897