CTS Announces Direct Stock Purchase Plan

    ELKHART, Ind.--Nov. 13, 2001--CTS Corporation today announced that it has established a Direct Stock Purchase Plan (the "Plan") to provide investors with a convenient and economical method to purchase shares, as well as offer investors the opportunity to automatically reinvest dividends.
    The Company received word today from the Securities and Exchange Commission that its Form S-3 Registration Statement, registering 2,000,000 shares of CTS common stock for sale through the Plan, has been declared effective. In addition to the dividend reinvestment features, other Plan highlights include:

--	Initial cash investment of $1,000 minimum, up to a maximum of $10,000.
--	Purchase of additional shares with a minimum of $500 per payment, up to a maximum of $10,000 per month.
--	Optional cash investment in excess of $10,000 per month may be made by requesting a "waiver" which may be granted at the Company's discretion. The Company, at its discretion, may also grant a discount of up to 5% for newly issued shares for waiver transactions.

    Under the provisions of the Plan, the Company may use shares from treasury, shares purchased on the open market, or issue new shares. Proceeds will be used for general corporate purposes, including repayment of debt, research and development and further investments in technology.
    "This Plan is intended to provide investors with a simple, convenient and economical method of purchasing CTS common stock. Investors may make periodic cash investments when and how they choose, building up ownership over time, and may utilize dollar-cost-averaging as an investment strategy," said Donald K. Schwanz, CTS President and CEO.
    The Plan will be administered by the Company's transfer agent, EquiServe Trust Company, N.A. For more information, please call 1-866-326-1180. Additional information relative to the Plan will be available in the near future on the Company's website at www.ctscorp.com.

    CTS Corporation is a leading designer and manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company manufactures products in North America, Europe and Asia. The Company's stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the Company's website at www.ctscorp.com.