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Methanex Corporation-Notice Of Cash Dividend

May 22, 2003

VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has declared a quarterly dividend of US$0.05 per share that will be payable on June 30, 2003 to holders of common shares of record on June 16, 2003.

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 www.methanex.com.



FOR FURTHER INFORMATION PLEASE CONTACT:



Methanex Corporation
Chris Cook
Director, Investor Relations
(604) 661-2600