Newsroom

For Immediate Release

NEWPORT NEWS, Va., Jan. 4, 2005 - - - Noland Company's (NOLD) board of directors has declared a regular quarterly cash dividend of eight cents, payable on Jan. 27 to stockholders of record at the close of business Jan. 17.

This is the 72nd consecutive year in which Noland Company, a wholesale distributor of mechanical equipment and supplies, has paid regular cash dividends.

Noland operates 101 branches in 13 states, and distributes products in the plumbing, HVAC, water systems, electrical, and industrial fields. The company's stock is traded on NASDAQ's SmallCap Market.

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