IPSCO Announces Cash Dividend
Lisle, Illinois, February 2, 2007 - IPSCO Inc. (NYSE/TSX:IPS) today announced that the
Board of Directors of the Company declared a cash dividend on its common shares of $0.20
(Canadian) per share, payable March 30, 2007 to shareholders of record at the close of
business on March 15, 2007.
IPSCO is a leading low cost producer of energy tubulars and steel plate in North America
with an annual liquid steel making capacity of 4.3 million tons. The Company operates four
steel mills, eleven pipe mills, nine product finishing facilities and nine scrap processing
centers in 25 geographic locations across the United States and Canada. IPSCO’s pipe
mills produce a wide range of seamless and welded energy tubular products including oil &
gas well casing and tubing, line pipe, drill pipe, large diameter transmission pipe, standard
pipe and hollow structurals. The Company also manufactures premium connections for oil
and natural gas drilling and production under its ULTRA™ brand name. IPSCO trades as
“IPS” on both the New York and Toronto Stock Exchanges.
This press release contains forward looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The words “believes”, “expect”, “will”, “can” and other expressions that are predictions of or
indicate future events, trends or prospects and which do not relate to historical matters identify
forward looking
statements. Although IPSCO Inc. believes that the anticipated future results, performance or
achievements expressed or implied by the forward looking statements and information are based upon
reasonable assumptions and expectations, the reader should not place undue reliance on
forward looking
statements and information because they involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company to differ
materially from anticipated future results, performance or achievement expressed or implied by such
forward looking statements and information. Factors that could cause actual results to differ materially
from those contemplated or implied by forward looking statements include: weather conditions affecting
the oil patch; drilling rig availability; demand for oil and gas; supply, demand and price for scrap metal and
other raw materials; supply, demand and price for electricity and natural gas; demand and prices for
products produced by the Company; general economic conditions; and changes in financial markets.
These and other factors are outlined in IPSCO's regulatory filings with the Securities and Exchange
Commission and Canadian securities regulators, including those in IPSCO's 2005 Form 10-K, particularly
as discussed under the heading "Statement Regarding Forward Looking Information” and “Risk Factors
Related To Our Industry”. The Company undertakes no obligation to publicly update or revise any
forward looking statements or information, whether as a result of new information, future events or otherwise.
Company Contact:
Tom Filstrup
Director, Investor Relations
Tel. 630-810-4772
tfilstrup@ipsco.com
Release 07-05
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