Stoneridge Withdraws Its Planned Sale of Senior Subordinated Notes

    WARREN, Ohio, Aug. 7 Stoneridge, Inc.
announced today that as a result of current market conditions it has withdrawn
its efforts to sell $200,000,000 in Senior Subordinated Notes due in 2011.
Stoneridge is currently in discussion with its banks regarding financing
alternatives.
    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.
    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.

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