Commercial Metlas increases cash divdiend.

DALLAS--(BUSINESS WIRE)--Sept. 16, 1996--Commercial Metals Company (NYSE:CMC) announced that its board of directors today increased its regular quarterly cash dividend from twelve to thirteen cents per share, an increase of just over 8 percent.

CMC President and Chief Executive Officer Stanley A. Rabin said, "The dividend increase is a further realization of our commitment to enhance shareholder value, and reflects our strong earnings and cash flow, excellent financial condition and confidence in our future."

The dividend will be paid October 25, 1996 to shareholders of record Oct. 11, 1996. This is the 128th consecutive quarterly cash dividend paid by Commercial Metals Company.

Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network of over 90 locations including 4 steel minimills, 19 steel fabrication plants, 3 steel joist plants, 4 steel fence post manufacturing plants, 2 railcar rebuilding facilities, 8 concrete related product warehouses, an industrial products supply company, a copper tube mill, 34 metal recycling facilities and 15 marketing and trading offices in the United States and in strategic overseas markets.

CONTACT: Commercial Metals Company, Dallas

Debbie L. Okle, 214/631-4120