|  |  Second quarter dividend declaration
| Toronto, ON, May 27, 2004
| IImperial Oil Limited today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on July 1, 2004, to shareholders of record at the close of business on June 8, 2004.
This second quarter dividend compares with the first quarter dividend of 22 cents per share.
Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its regular dividend for nine consecutive years.
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