Mattr CorpTSX: MATR

ShawCor Ltd. - Dividend declaration

(TSX: SCL.SV.A, SCL.MV.B)

TORONTO, Nov. 2 /CNW/ - The Board of Directors today declared a semi-
annual dividend of four and fifty one hundredths cents (4.50 cents) per
Class A Subordinate Voting Share and four and nine one hundredths cents
(4.09 cents) per Class B Multiple Voting Share to be paid on the 15th day of
December 2005, to shareholders of record at the close of business on the
30th day of November 2005.

                               WEBCAST

ShawCor will be hosting a Shareholder and Analyst Conference Call and
Webcast on Thursday, the 3rd day of November 2005 at 10:00 a.m. EST to discuss
the company's Third Quarter 2005 Financial Results.

Please visit our website at www.shawcor.com for further details.