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Methanex Announces Increase in Quarterly Dividend

September 05, 2003

VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has approved an increase in the Company's quarterly dividend to shareholders. The quarterly dividend will increase by 20 percent from US$0.05 per share to US$0.06 per share and will apply commencing with the dividend payable on September 30, 2003 to holders of common shares of record on September 16, 2003.

Pierre Choquette, President and CEO of Methanex, commented, "We stated a year ago, when we initiated a regular quarterly dividend to our shareholders, that we believed such a distribution was not only sustainable but could be built upon over time. This increase in the dividend reflects our continued confidence in our business and our commitment to deliver value to shareholders."

Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH." Methanex can be visited online at

Information in this news release may contain forward-looking statements. By their nature, such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. They include the payment of dividends in the future, which will be at the discretion of our Board of Directors having regard to our earnings, operating and financial condition, capital requirements, other distribution alternatives and such other factors as are deemed relevant by the Board. Please also refer to page 40 in our 2002 Annual Report for more information on forward-looking statements.


Methanex Corporation
Chris Cook
Director, Investor Relations
(604) 661-2600 or Toll Free: 1-800-661-8851