Handleman Company Declares Dividend

Handleman Company Declares Dividend

TROY, Mich., Feb. 24 /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 April 7, 2006, to shareholders of record at the close of business on March 21, 2006.

About Handleman Company:

Handleman Company is a category manager and distributor of prerecorded music and video game hardware, software and accessories. For music, its customers include leading retailers in the United States, United Kingdom, and Canada. For video game hardware, software and accessories, its customers include leading retailers in the United States. As a category manager, the Company manages a broad assortment of titles to optimize sales and inventory productivity in retail stores. Services offered include product selection, direct-to-store shipments, marketing and in-store merchandising.

Source: Handleman Company

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

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

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