Handleman Company Declares Dividend

Handleman Company Declares Dividend

TROY, Mich., Nov. 22 /PRNewswire-FirstCall/ -- Handleman Company (NYSE:HDL), http://www.handleman.com/ , today announced that its Board of Directors declared a quarterly cash dividend of $.08 per share on the outstanding shares of common stock of the Company, payable January 6, 2006, to shareholders of record at the close of business on December 21, 2005.

About Handleman Company:

Handleman Company is a category manager and distributor of prerecorded music to leading retailers in the United States, United Kingdom, and Canada. As a category manager, the Company manages a broad assortment of titles to optimize sales and inventory productivity in retail stores and also provides direct-to-store shipments, and offers marketing and in-store merchandising.

Source: Handleman Company

CONTACT: Greg Mize, Vice President, Investor Relations of Handleman
Company, +1-248-362-4400, Ext. 211; or Media Relations: David Bassett,
+1-248-855-6777, Ext. 132, for Handleman Company

Web site: http://www.handleman.com/

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