IPSCO Announces Cash Dividends

Lisle, Illinois, August 5, 2005 - IPSCO Inc. (NYSE/TSX: IPS) today announced that the Board of Directors of the Company declared a cash dividend on its common shares of $0.14 (Canadian) per share payable September 30, 2005 to shareholders of record at the close of business on September 10, 2005. 

Company Contact:
John Comrie, QC
Director of Trade Policy and Communications
Tel. 630-810-4730
Release 05-30
    
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