LETTER TO SHAREHOLDERS In addition to the other areas of operational improvement, we continue to review our manufacturing capacity needs and constraints, deciding how best to align our product requirements, manufacturing capabilities, and geographies for market needs going forward. We believe Myers Tire Supply’s single-source supplier  strategy is sound. We possess extensive knowledge of the tire service industry. We have the nationwide coverage to speed new  and existing products to market, and we enjoy close relationships  that our customers depend upon for training and support to help  them advance their business.  The task of an outside Director has never been an easy one. It takes many board meetings to get a sense of a business in which one has no day-to-day involvement. Both management and shareholders of Myers Industries have been fortunate in the intelligence, knowledge, commitment, and dedication of its Board of directors. It is with respect and appreciation that we acknowledge the great contributions to the Company of Edwin P. Schrank and Samuel Salem, who retire from the Board of Directors this term: Ed with more than 30 years of service and Sam with over 15 years of service. Both have aided the Company and its shareholders immeasurably. I thank them for their valuable service, will miss their wise counsel and companionship, and wish them good health and happiness. We thank you, our shareholders, for continued confidence in Myers Industries; our suppliers for their support; and our employees for their commitment to serving our customers, building value,  and strengthening our business. Cash flow from operations was a record $76.8 million for the year,  an increase of 14 percent compared to $67.3 million in 2000. We reduced our total debt by $35.3 million for the year, from  $300.2 million at the start of the year to $264.2 million at December 31, 2001. Debt as a percentage of capitalization was 54.9 percent  at the end of the year, down 6 percent from the previous year. Capital expenditures for the year totaled $25.2 million,  42 percent lower than in 2000. Investments for tooling and equipment over the last several years increased our capacity, not a necessary commodity during a period of weakened sales. Myers stock appreciated 3.6 percent during 2001, closing out the  year at $13.65 and outperforming most major market indexes. On May 1, the shares of the Company began trading on the New York Stock Exchange. Continuing in our belief that shareholders deserve an ongoing return on their investment, in August the Board of Directors declared a 10 percent stock dividend, marking the 26th consecutive year in which they have increased the cash payout to shareholders. Compared to 2000, shareholders’ equity increased  to $217.5 million, up 2 percent, and book value per share rose to $9.12, an increase of 1 percent. We hope that we have seen the worst of the economic obstacles,  and approach 2002 with cautious optimism.  Stock Performance and Return to Shareholders Summary Board of Directors Cash Flow, Debt Reduction, and Capital Expenditures 7 Respectfully submitted, A WY March 8, 2002 Stephen E. Myers President and  Chief Executive Officer