WHITBY, ONTARIO--(Marketwire - Oct. 31, 2012) - (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 November 29, 2012, to shareholders of record at the close of business on November 8, 2012.

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