The Company is pleased to report improved sales and earnings for the year ended December 31, 2004. Net sales were up 5.1% on the year, and earnings improved to $201,000 from a loss of $34,000 reported in 2003.

The translation impact on foreign currency denominated transactions continued to reduce the Company’s
reported sales in Canadian dollars, reduced by $2.3 Million for the year, and $0.9 Million for the quarter,
primarily due to the continued appreciation of the Canadian dollar relative to the US dollar. Underlying sales
growth remains positive, with annual Canadian sales up 8.0%, US sales up 8.7% and international sales up
19.1% when compared in source currencies.

Fourth quarter earnings were impacted by non-cash losses from the Company’s investment in Moloney
Electric Inc., and losses on balance sheet translation of foreign operations.

Earnings from operations for the year and the quarter are improved over comparable periods in 2003, up
21.3% and 59.4% respectively, supported by volume growth, cost reductions and productivity improvements
achieved through the efforts of our employees. The balance sheet remains strong, net book value per share
ending the year at $1.84, up from $1.83 in 2003.

Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and
electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.

Robert F. Hammond, Chairman and CEO
Tel: (519) 822.2960
Fax: (519) 822.8987
Email: ir@hammfg.com