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CASCADE CORPORATION ANNOUNCES NEW DIRECTOR AND QUARTERLY DIVIDEND

Portland, Oregon – December 4, 2007 – Cascade Corporation, (NYSE: CAE), announced the appointment of Peter D. Nickerson to its Board of Directors. Mr. Nickerson is a director of Growth-Link Overseas Company, an investment company based in Hong Kong with interests in China, Vietnam and India.

Separately, on November 26, 2007, our Board of Directors declared a quarterly dividend of $0.18 per share, payable on January 9, 2008 to shareholders of record as of December 26, 2007.

Forward Looking Statements:

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that a number of factors could cause our actual results to differ materially from any results indicated in this release or in any other forward-looking statements made by us, or on our behalf. These include among others factors related to general economic conditions, interest rates, demand for materials handling products and construction equipment, performance of our manufacturing facilities and the cyclical nature of the materials handling and construction equipment industries. Further, historical information should not be considered an indicator of future performance. Additional considerations and important risk factors are described in our reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission.

About Cascade Corporation:

Cascade Corporation, headquartered in Fairview, Oregon, is a leading international manufacturer of materials handling products used primarily on lift trucks. Additional information on Cascade is available on its website, www.cascorp.com.

CONTACT:

Richard S. Anderson
Senior Vice President and Chief Financial Officer
Cascade Corporation
(503) 669-6300
Email: investorrelations@cascorp.com

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