American Axle & Manufacturing Prices Follow-On Offering

    DETROIT, Aug. 16 American Axle & Manufacturing Holdings,
Inc. (AAM) announced that yesterday, after the markets closed, it
priced a follow-on offering of 3,000,000 shares of common stock by AAM and
4,500,000 shares of common stock by Blackstone Capital Partners II Merchant
Banking Fund L.P. at a price of $20.50 per share, before underwriting
discounts and commissions.  The underwriters have an option to purchase an
additional 1,125,000 shares to cover over-allotments.

    The offering was lead managed by Merrill Lynch & Co. and Morgan Stanley.
The co-managers were Credit Suisse First Boston, First Union Securities, Inc.
and UBS Warburg.

    A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission.  This release
shall not constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sales of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.