ZCL Composites Inc. Declares Annual Dividend

For Immediate Release

Edmonton, Alberta June 15, 2005... ZCL Composites Inc. is pleased to announce the payment of the Company’s annual dividend in the amount of $0.08 per common share. This annual dividend is for all shareholders of record as of July 14, 2005 and will be paid on August 4, 2005.

In establishing this annual dividend, the Board of Directors carefully considered the Company’s strong results, cash flow and financial position, and the anticipated cash required to continue the strategic growth plan. The dividend is an increase of $0.02 or 33% over last year’s dividend. The Board will review the dividend annually, based on year-end results.

“This dividend expresses the financial strength of the Company and the outstanding performance of the entire ZCL team, setting new records this past year,” said the Honourable James S. Edwards, PC, Chairman of the Board. Mr. Ven Côté, President and CEO, added, “I am extremely pleased that our performance has provided our Board with the flexibility to not only continue, but also increase, the dividend payment to our loyal shareholders.”

ZCL Composites Inc. trades on the Toronto Stock Exchange under the symbol “ZCL” and is Canada’s largest manufacturer of fiberglass underground storage tanks. ZCL’s complete fuel storage systems marketed under the “Prezerver” trademark carry a $2 million warranty against pollution.

For further information, please contact:

Venence G. Côté President & CEO ZCL Composites Inc. (780) 466-6648 ven.cote@zcl.com

Tony G. Barlott VP Finance & CFO ZCL Composites Inc. (780) 466-6648 tony.barlott@zcl.com