BUFFALO, NEW YORK (September 7, 2000) – The Board of Directors of Gibraltar (Nasdaq: ROCK) has declared a cash dividend of $.03 per share for the quarter ended June 30, 2000. The dividend will be payable on September 30 to shareholders of record on September 18.

Earlier this year, Gibraltar increased its annual dividend by 20 percent, from $.10 per share to $.12 per share. The dividend declared today will be the second payment at the higher rate.

On July 18, Gibraltar announced its best-ever quarterly sales and earnings, with second quarter sales climbing by 13 percent to $181.5 million, and earnings increasing by eight percent to $7.9 million, or $.62 per diluted share.

Gibraltar is a growth-oriented company, with expanding operations in the building and construction products, metal processing, and commercial heat-treating markets. The Company serves approximately 10,000 customers in a variety of industries. It has approximately 3,700 employees and operates 52 facilities in 19 states and Mexico.

Information contained in this release, other than historical information, should be considered forward-looking, and may be subject to a number of risk factors, including: the impact of changing steel prices on the Company’s results of operations; changing demand for the Company’s products; risks associated with the integration of acquisitions; and changes in interest or tax rates.