Press Release

Smith-Midland Corporation, Excellence in Precast
Concrete

June 3, 2004

Smith-Midland^® Corporation Releases March 31, 2004, First Quarter Results

Midland, Va. - Smith-Midland^® Corporation (Boston Stock Exchange: SMID) announced on May 25, 2004 that the company reported total revenue of $5,192,790 for the first quarter of 2004, compared to total revenue of $4,490,142 for the first quarter of 2003, an increase of $702,648, or 16%. Net loss was $41,825 for the first quarter of 2004, compared to a net loss of $278,285 for the first quarter of 2003, which is an improvement of $236,460.

The Company's operating income for the first quarter 2004 was $33,187 compared to an operating loss of $397,811 for the first quarter 2003, an improvement of $430,998. The improved operating income was the result of the implementation of the Company’s aggressive turnaround plan developed in December 2003 and implemented during the first three months 2004.

Rodney Smith, Chief Executive Officer and Chairman of the Board, said, “the results of the first quarter 2004 over the first quarter 2003 demonstrate the progress that we have made to improve upon the disappointing outcome of 2003. Better market pricing, production efficiencies, and the efforts of the turnaround team have improved the outlook for the rest of 2004.”

Smith-Midland^® develops, manufactures, licenses, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries. Smith-Midland has two manufacturing facilities located in Midland, Virginia, and Reidsville, North Carolina. Easi-Set^® Industries^®, a wholly-owned subsidiary of Smith-Midland^® Corporation, licenses Smith-Midland^®developed products throughout North America and in Europe and South America. Easi-Set Industries currently has 30 precast concrete product licensees worldwide.

This announcement contains forward-looking statements which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-KSB and other filings with the Securities and Exchange Commission.

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Smith-Midland® Corporation Releases March 31, 2004, First Quarter Results

Smith-Midland^® Corporation Releases March 31, 2004, First Quarter Results