Universal (UVV) 8-K Universal Corporation Announces Quarterly Dividend

Exhibit 99.1

P.O. Box 25099Ÿ Richmond, VA 23260Ÿ Phone: (804) 359-9311Ÿ Fax: (804) 254-3594

PRESS RELEASE

CONTACT:	Karen M. L. Whelan	RELEASE:	Immediately
	Phone: (804) 359-9311
	Fax:      (804) 254-3594
	Email:  investor@universalleaf.com

Universal Corporation Announces Quarterly Dividend

Richmond, VA, August 5, 2004 / PRNEWSWIRE

Allen B. King, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company’s Board of Directors has declared a quarterly dividend of thirty-nine cents ($.39) per share on the common shares of the Company, payable November 8, 2004, to common shareholders of record at the close of business on October 11, 2004.

Universal Corporation is a diversified company with operations in tobacco, lumber, and agri-products. Universal Corporation’s gross revenues for the nine-month transitional fiscal year that ended on March 31, 2004, were approximately $2.3 billion. For more information on Universal Corporation, visit its web site at www.universalcorp.com.

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