Standard Automotive Announces Steven J. Merker Resigns as Chairman

    HILLSBOROUGH, N.J.--June 5, 2001--Standard Automotive Corporation (AMEX: AJX) today announced that Steven J. Merker resigned as Chairman of the Board of Directors upon which he served for the last three years. Mr. Merker will devote the majority of his time to a new entrepreneurial enterprise serving the needs of the power generation, telecommunications, and electronics industries.
    Mr. Merker helped establish Standard and played a central role in developing and executing its strategic growth strategy. During this important period for Standard, Mr. Merker has agreed to continue as a member of its Board of Directors. Mr. Merker has been instrumental in the selection of newly elected independent directors and strengthening Standard's executive management team.
    Mr. Merker says: "While I will miss my regular contact with the many fine people at Standard, and shareholders who have supported the company, I am confident the firm is being led by an experienced and talented team that will successfully navigate these challenging times in our industries."