Toromont Announces Quarterly Dividend

* Reuters is not responsible for the content in this press release.

Tue Jul 22, 2008 6:41pm EDT 

  TORONTO, ONTARIO, Jul 22 (MARKET WIRE) -- 
Toromont Industries Ltd. (TSX: TIH) today announced the regular quarterly
dividend of 14 cents (Cdn) per share on outstanding common shares,
payable October 1, 2008 to shareholders of record on September 15, 2008.

    About Toromont

    Toromont Industries Ltd. operates through two business segments: The
Equipment Group and the Compression Group. The Equipment Group includes
one of the world's largest Caterpillar dealerships by revenue and
geographic territory in addition to industry leading rental operations.
The Compression Group is a North American leader specializing in the
design, engineering, fabrication, and installation of compression systems
for natural gas, coal bed methane, fuel gas and carbon dioxide in
addition to process systems and industrial and recreational refrigeration
systems. Both Groups offer comprehensive product support capabilities.
Toromont employs approximately 4,500 people in more than 130 locations.
This press release and more information about Toromont Industries can be
found on the Web at www.toromont.com.

Contacts:
Toromont Industries Ltd.
Robert M. Ogilvie
Chairman & Chief Executive Officer
(416) 667-5554

Toromont Industries Ltd.
Paul R. Jewer
Vice President Finance and Chief Financial Officer
(416) 667-5638

Copyright 2008, Market Wire, All rights reserved.

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