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Press release from CNW Group

Algoma Central Corporation Dividend Announcement

Thursday, January 17, 2013

Algoma Central Corporation Dividend Announcement12:52 EST Thursday, January 17, 2013ALC-TTORONTO, Jan. 17, 2013 /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 $0.07 per common share. The dividend is payable on March 1, 2013 to shareholders of record on February 15, 2013. This dividend represents a 17% increase of $0.01 per share to the post split quartertly dividend of $0.06 paid by the Corporation in December 2012.SOURCE: Algoma Central CorporationFor further information: Greg D. Wight, FCA President and Chief Executive Officer  905-687-7850   Peter D. Winkley, CA  Vice President, Finance and Chief Financial Officer     905-687-7897