Midland Announces New Board Member to Replace Retiring Director

Also Announces Regular Quarterly Dividend



Apr 26, 2001, 01:00 ET from The Midland Company

    CINCINNATI, April 26 /PRNewswire/ -- The Midland Company (Nasdaq:   MLAN)
 today announced the election of William J. Keating, Jr. to the Midland Board
 of Directors.  Mr. Keating is a partner in the Keating, Muething & Klekamp law
 firm in Cincinnati, OH.  He joined the firm in 1979 and has been a partner
 since 1986.  His law practice primarily involves representing private and
 publicly traded companies.  Bill serves on private company boards as well as
 many local community boards.
     "We are fortunate to have someone with Bill's qualifications, capabilities
 and experience join Midland's Board," said J. P. Hayden III, Midland's
 Chairman and Chief Operating Officer.
     William J. Keating, Jr. will fill a vacancy created by the retirement of
 William J. Keating, Sr. from Midland's Board.  Mr. Keating, Sr. has served on
 Midland's Board for 10 years.  "We are grateful to Bill for helping guide
 Midland through a tremendous decade of growth and prosperity," Hayden said.
 "We wish him the very best."
     The board also today declared a regular quarterly dividend of 8 cents per
 share, maintaining the indicated annual dividend at 32 cents per share.  The
 quarterly dividend is payable July 6, 2001 to shareholders of record on
 June 22, 2001.  The Midland Company presently has 8,910,000 shares
 outstanding.
 
     About The Company
     Midland, which is headquartered in Cincinnati, Ohio, is a provider of
 specialty insurance products and services through its wholly-owned subsidiary,
 American Modern Insurance Group, which accounts for approximately 93 percent
 of Midland's consolidated revenue.  American Modern specializes in writing
 physical damage insurance and related coverages on manufactured housing and
 has expanded to other areas of insurance, including homeowners, lower valued
 homes, dwelling fire, mortgage fire, collateral protection, watercraft,
 specialty automobile, motorcycle, snowmobile, recreational vehicle, long-haul
 truck, commercial and excess and surplus lines.  The company also maintains a
 profitable investment in a niche transportation business, the M/G Transport
 Group, which charters barges and brokers freight for the movement of
 commodities on the inland waterways.  The company's common stock is traded on
 the Nasdaq National Market under the symbol MLAN.  Additional information on
 the company can be found on the World Wide Web at www.midlandcompany.com .
 
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SOURCE The Midland Company
    CINCINNATI, April 26 /PRNewswire/ -- The Midland Company (Nasdaq:   MLAN)
 today announced the election of William J. Keating, Jr. to the Midland Board
 of Directors.  Mr. Keating is a partner in the Keating, Muething & Klekamp law
 firm in Cincinnati, OH.  He joined the firm in 1979 and has been a partner
 since 1986.  His law practice primarily involves representing private and
 publicly traded companies.  Bill serves on private company boards as well as
 many local community boards.
     "We are fortunate to have someone with Bill's qualifications, capabilities
 and experience join Midland's Board," said J. P. Hayden III, Midland's
 Chairman and Chief Operating Officer.
     William J. Keating, Jr. will fill a vacancy created by the retirement of
 William J. Keating, Sr. from Midland's Board.  Mr. Keating, Sr. has served on
 Midland's Board for 10 years.  "We are grateful to Bill for helping guide
 Midland through a tremendous decade of growth and prosperity," Hayden said.
 "We wish him the very best."
     The board also today declared a regular quarterly dividend of 8 cents per
 share, maintaining the indicated annual dividend at 32 cents per share.  The
 quarterly dividend is payable July 6, 2001 to shareholders of record on
 June 22, 2001.  The Midland Company presently has 8,910,000 shares
 outstanding.
 
     About The Company
     Midland, which is headquartered in Cincinnati, Ohio, is a provider of
 specialty insurance products and services through its wholly-owned subsidiary,
 American Modern Insurance Group, which accounts for approximately 93 percent
 of Midland's consolidated revenue.  American Modern specializes in writing
 physical damage insurance and related coverages on manufactured housing and
 has expanded to other areas of insurance, including homeowners, lower valued
 homes, dwelling fire, mortgage fire, collateral protection, watercraft,
 specialty automobile, motorcycle, snowmobile, recreational vehicle, long-haul
 truck, commercial and excess and surplus lines.  The company also maintains a
 profitable investment in a niche transportation business, the M/G Transport
 Group, which charters barges and brokers freight for the movement of
 commodities on the inland waterways.  The company's common stock is traded on
 the Nasdaq National Market under the symbol MLAN.  Additional information on
 the company can be found on the World Wide Web at www.midlandcompany.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X01028117
 
 SOURCE  The Midland Company