STW Standard Commercial

Standard Commercial Corporation Announces Cash Dividend and The Appointment of a New Director WINSTON-SALEM, N.C., Nov. 12 /PRNewswire-FirstCall/ -- Standard Commercial Corporation reported its Board of Directors has declared a quarterly cash dividend of $0.0875 per share on the common shares of the Company, payable on December 15, 2003 to common shareholders of record at the close of business on November 28, 2003. The Company also announced the appointment of H. Carl McCall to its Board of Directors. Mr. McCall, age 68, is currently Vice Chairman of HealthPoint, a private equity firm. Previously Mr. McCall was a member of the board of the New York Stock Exchange, serving as Chairman of its Governance Committee and its Lead Director. Mr. McCall has also recently joined the newly reorganized board of Tyco International. Mr. McCall was educated at Dartmouth College, Andover Newton Theological Seminary and the University of Edinburgh. STANDARD COMMERCIAL is the one of the world's largest leaf tobacco dealers operating in virtually every tobacco producing country selling worldwide to tobacco manufacturers. DATASOURCE: Standard Commercial Corporation CONTACT: Keith H. Merrick of Standard Commercial Corporation, +1-252-291-5507

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