Cascade Corporation Announces New Director and Quarterly Dividend

PORTLAND, Ore.--(Business Wire)--Cascade Corporation, (NYSE:CAE), announced the appointment of
Peter D. Nickerson to its Board of Directors. Mr. Nickerson is a
director of Growth-Link Overseas Company, an investment company based
in Hong Kong with interests in China, Vietnam and India.

Separately, on November 26, 2007, our Board of Directors declared
a quarterly dividend of $0.18 per share, payable on January 9, 2008 to
shareholders of record as of December 26, 2007.

Forward Looking Statements:

This press release contains forward-looking statements made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that a number of
factors could cause our actual results to differ materially from any
results indicated in this release or in any other forward-looking
statements made by us, or on our behalf. These include among others
factors related to general economic conditions, interest rates, demand
for materials handling products and construction equipment,
performance of our manufacturing facilities and the cyclical nature of
the materials handling and construction equipment industries. Further,
historical information should not be considered an indicator of future
performance. Additional considerations and important risk factors are
described in our reports on Form 10-K and 10-Q and other filings with
the Securities and Exchange Commission.

About Cascade Corporation:

Cascade Corporation, headquartered in Fairview, Oregon, is a
leading international manufacturer of materials handling products used
primarily on lift trucks. Additional information on Cascade is
available on its website, www.cascorp.com.

Cascade Corporation
Senior Vice President and Chief Financial Officer
Richard S. Anderson, 503-669-6300
Email: investorrelations@cascorp.com

Copyright Business Wire 2007