Stoneridge Announces Pricing of $200 Million Senior Note Issue

WARREN, Ohio, April 25 -- Stoneridge, Inc. announced today the pricing of a Rule 144A private placement of $200 million of 11-1/2% Senior Notes due 2012. The placement of the Notes is expected to close on May 1, 2002 contemporaneously with the closing of the refinancing of its current senior secured credit facilities. The net proceeds from the sale of the Notes will be used to repay indebtedness under our existing credit facilities.

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.

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 2001 were approximately $584 million. Additional information about Stoneridge can be found on the World Wide Web at www.stoneridge.com .