Stoneridge Announces Initiation of Debt Refinancing

    WARREN, Ohio, July 17 Stoneridge, Inc.
announced today that it intends to sell $200,000,000 in Senior Subordinated
Notes due in 2011 and concurrently refinance its senior secured credit
facilities.  The net proceeds from these transactions will be utilized to
repay substantially all of its existing indebtedness and to provide funds for
working capital and other general corporate purposes.
    The notes have not been and will not be registered under the Securities
Act of 1933 or any state security laws and may not be offered or sold in the
United States absent registration or an applicable exemption from such
registration requirements.  This press release does not constitute an offer to
sell or the solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale of any securities in any
jurisdiction in which such offering, solicitation or sale would be unlawful.
    Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent
designer and manufacturer of highly engineered electrical and electronic
components, modules and systems principally for the automotive, medium and
heavy-duty truck, agricultural and off-road vehicle markets. Sales in 2000
were approximately $667 million. Additional information about Stoneridge can
be found on the World Wide Web at http://www.stoneridge.com .
    Statements in this release that are not historical fact are forward-
looking statements, which involve risks and uncertainties that could cause
actual events or results to differ materially from those expressed or implied
in this release. Factors that may cause actual results to differ materially
from those in the forward-looking statements include, among other factors, the
loss of a major customer, a decline in automotive, medium and heavy-duty truck
or agricultural vehicle production, the failure to achieve successful
integration of any acquired company or business, labor disputes involving the
Company or its significant customers, risks associated with conducting
business in foreign countries, or a decline in general economic conditions.
Further information concerning issues that could materially affect financial
performance related to forward-looking statements contained in this release
can be found in Stoneridge's periodic filings with the Securities and
Exchange Commission.