Onex Corporation Second Quarter Dividend Declared

The Board of Directors of Onex Corporation (TSX: OCX) today declared a second quarter dividend of $0.0275 per Subordinate Voting Share payable on July 31, 2007 to shareholders of record on July 10, 2007.

Contacts: Onex Corporation Ewout R. Heersink (416) 362-7711 Website: www.onex.com

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