- 18 February 2005 -

II-VI does II for I stock split

II-VI Incorporated board of directors declared a two-for- one stock split of the company's common stock in the form of a 100% common stock dividend. The common stock dividend will be issued to shareholders of record as of the close of business on March 2, 2005.

II-VI expects that its transfer agent, American Stock Transfer and Trust Company, will distribute the dividend on or about March 22, 2005. There are currently approximately 14.6m shares of II-VI common stock outstanding.
Upon completion of the stock split, there will be approximately 29.2m common shares outstanding.

Carl Johnson, chairman and CEO of II-VI Inc stated, "Today's stock split reflects our continued commitment to building value for our shareholders and demonstrates the confidence of our Board of Directors and management in both the fundamentals and growth potential of our business.

"In addition, the split is intended to further improve our liquidity and to make our shares more accessible to institutional and individual shareholders."