WHITBY, ONTARIO--(Marketwire - July 27, 2012) - McGraw-Hill Ryerson Limited (TSX:MHR)

Attention: Business/Financial Editors

Notice is hereby given that a quarterly dividend of 30.0¢ per common share has been declared payable on August 30, 2012, to shareholders of record at the close of business on August 9, 2012.

Dividends declared and paid by McGraw-Hill Ryerson Ltd. are "eligible" dividends, as that term is defined by the Canadian Revenue Agency (CRA).