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First quarter 2003 dividend declaration

Toronto, ON, Feb. 19, 2003
Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on April 1, 2003, to shareholders of record at the close of business on March 4, 2003.

Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its regular dividend for eight consecutive years.



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