WHITBY, ONTARIO--(Marketwire - Nov. 16, 2012) - McGraw-Hill Ryerson Ltd. (TSX:MHR) -

Attention: Business/Financial Editors:

Notice is hereby given that a special, one-time dividend of $12.00 per common share has been declared payable on December 14, 2012, to shareholders of record at the close of business on November 27, 2012.

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