Quanex stock is listed on the New York Stock Exchange under the symbol NX.

Annual Shareholder’s Meeting
The Annual Meeting of Shareholders will be held at 8:00 a.m. on Wednesday, February 26, 2003, at Quanex corporate offices. Shareholders are cordially invited to attend.

Corporate Offices
Quanex Corporation
1900 West Loop South
Suite 1500
Houston, Texas 77027
Local: (713) 961-4600
Toll-free: (800) 231-8176

Direct Stock Purchase and Dividend Reinvestment Plan
Quanex offers individuals the option to purchase stock directly through the Company’s Direct Stock Purchase and Dividend Reinvestment Plan (DSP Plan). The DSP Plan’s initial minimum purchase requirement is $250. Subsequent purchases can be made for a minimum of $50. Other options featured in the Quanex DSP Plan include full or partial dividend reinvestment, direct deposit of dividends, certificate safekeeping, and automatic monthly investments from savings or checking accounts.

For enrollment forms, contact American Stock Transfer & Trust Company at (800) 278-4353 or visit the Quanex
website at www.quanex.com.

Dividend Policy
The payment of dividends is reviewed quarterly and declaration is made at the discretion of Quanex’s Board of Directors. The Quanex quarterly dividend is currently $.16 per share. At the end of fiscal 2002, the Company had paid a dividend to shareholders of its common stock for 58 consecutive quarters.

Internet Access
Additional information about Quanex is located at the Company’s website at www.quanex.com. The site is continually updated and includes Company news releases and current stock quotes. Visitors can register to automatically receive news by e-mail as it is released, send e-mail directly to the corporate offices, or link to the home pages of some of the Quanex operating units (www.macsteel.com,
www.piperimpact.com, www.amsco1.com,
www.nicholsal.com, www.impprod.com, www.temroc.com,
and www.home-shield.com).

Investor Communications
Stockbrokers, financial analysts and others seeking
additional information about Quanex should contact the Investor Relations Department at the Corporate Offices or by e-mail at inquiry@quanex.com.

Transfer Agent, Shareholder Records
and Dividend Disbursing Agent
Shareholders who wish to change the name, address, or ownership of stock, report lost certificates, or combine accounts should contact:

American Stock Transfer & Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038
(800) 937-5449
www.Amstock.com

Click here for an HTML version of our Proxy Statement.

Click here to download our Annual Report on Form 10-K.