Eagle-Picher Announces Earnings & Intent to Continue Filing SEC Reports

    CINCINNATI, March 1 On February 28, 2001, Eagle-Picher
Holdings, Inc., the parent company of Eagle-Picher Industries, Inc., filed its
Annual Report on Form 10-K with the SEC.  Consolidated net sales, excluding
sales of divested divisions, were $794.8 million for the fiscal year ended
November 30, 2000, compared to $783.3 for fiscal year 1999.  Pre-tax earnings
and EBITDA, excluding that of divested divisions, were $13.7 million and
$104.9 million, respectively, for fiscal year 2000 compared to $6.7 million
and $106.2 million, respectively, for fiscal year 1999.  Comparability of
these two periods was affected by the acquisitions of Carpenter Enterprises
Ltd. in the second quarter of 1999, the depleted zinc business of Isonics
Corporation in the first quarter of 2000 and Blue Star Battery Systems
Corporation in the third quarter of 2000.

    Section 15(d) of the Securities Exchange Act of 1934 provides that the
duty to file periodic reports with the SEC is automatically suspended for any
fiscal year after the year of registration if the securities are held of
record by less than 300 persons.  As a result, Eagle-Picher's statutory duty
to file periodic reports with the SEC concerning its 11-3/4 % Series B
Cumulative Redeemable Exchangeable Preferred Stock and its 9-3/8% Senior
Subordinated Notes due 2008 was automatically suspended in 1999.  Even though
the duty to file periodic reports has been suspended since 1999, Eagle-Picher
has filed periodic reports with the SEC voluntarily ever since the Notes and
Preferred Stock were registered in April 1998.

    On February 27, 2001, Eagle-Picher filed two Form 15s with the SEC
certifying the automatic suspension of the duty to file periodic reports
(10-Ks, 10-Qs and 8-Ks) with the SEC.  Those filings did not have any effect
on Eagle-Picher's contractual obligation to its investors to file those
reports with the SEC, and Eagle-Picher intends to continue to file such
reports with the SEC without interruption.  The Form 15 filings were made
solely to officially certify to the SEC that Eagle-Picher's statutory duty to
file reports with the SEC had been automatically suspended in accordance with
Section 15(d) of the Securities Exchange Act of 1934 because there are fewer
than 300 holders of record of the outstanding Notes and Preferred Stock.

    Neither the automatic suspension of the duty to file reports with the SEC
nor the recent filing of the Form 15s will have any impact on the original
registration of the Notes or the Preferred Stock.  These securities are and
remain registered under the Securities Act of 1933.