Buhler Industries Inc. Reports First Quarter Earnings.

WINNIPEG, MANITOBA--(BUSINESS WIRE)--Jan. 30, 1997--(TSE BUI.A.) -0-

3 months to December 31st, 1996         Year Ago

     Revenue         17,694,000       14,259,000
     Net profit         983,000          887,000
     Net profit/share      0.04             0.04

EARNINGS UP 11 percent

First quarter earnings from consolidated operations increased 11 percent to $983,000 or $0.04 per share, compared with $887,000 or $0.04 per share last year. Gross profit remained the same at 30 percent. The number of outstanding shares in the first quarter was 23.6 million compared to 21.5 million last year. SALES UP 24 percent

First quarter revenue from consolidated operations increased by 24 percent to $17,694,000 compared with $14,259,000 last year.

16TH CONSECUTIVE QUARTER OF INCREASED EARNINGS

This quarter marks the 16th consecutive quarter of growth in profits compared with the same quarter in previous years. DIVIDEND

The Company increased its annual dividend by 20 percent, from $0.05 to $0.06 per share. The dividend was paid on January 1st., 1997, to shareholders of record on December 23rd, 1996.

Buhler Industries Inc. owns and operates four fully equipped manufacturing plants and five distribution centres totalling 500,000 square feet of buildings on large parcels of land totalling over 100 acres. The company manufactures a wide range of agricultural equipment marketed throughout North America under brand names "ALLIED" and "FARM KING". The company also manufactures furniture under the brand name "Buhler" and operates Dominion Lumber (Winnipeg Ltd.), a wholesale lumber company.

CONTACT: Buhler Industries Inc.

John Buhler, 204/ 661-8711