Item 7.01 Regulation FD Disclosure
By a press release issued on December 4 2008, the Board of Directors of The Hallwood Group Incorporated (the "Company") declared a dividend in the amount of $7.89 per share of Common Stock. Based on the number of shares of Common Stock currently outstanding, the total amount of the dividend would be approximately $12,000,000. The dividend is payable on December 29, 2008 to shareholders of record at the close of business on December 15, 2008. Reference is made to the press release filed as Exhibit 99.1 hereto. The information set forth in Exhibit 99.1 is hereby incorporated by reference herein.
By filing this Current Report on Form 8-K, the registrant does not acknowledge that disclosure of this information is required by Regulation FD or that the information was material or non-public before the disclosure. The registrant assumes no obligation to update or supplement forward-looking statements in this statement that become untrue because of new information, subsequent events or otherwise.

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