Wescast Vice President and Chief Financial Officer Jim Slattery Resigns

    BRANTFORD, Ontario--May 2, 2002--Wescast Industries Inc. , the world's largest supplier of exhaust manifolds for passenger cars and light trucks, announces the resignation, effective May 24, of D. James Slattery, Vice President and Chief Financial Officer. After joining Wescast in March 1997, Slattery helped lead the implementation of the company's global expansion and diversification strategies. Slattery has accepted a position as President of an auto parts supplier in Ontario.
    A search will be conducted to find a replacement Vice President and CFO. In the interim, Ray Finnie, President and CEO, will assume responsibility for the finance area until a successor is in place.
    Finnie commented, "During the five years that Jim has been with Wescast, he has been a key member of our management team and I thank him for his commitment and contribution to the company. We will miss Jim and wish him every success in his new role."

    About Wescast Industries Inc.

    Wescast Industries Inc. is the world's largest supplier of exhaust manifolds for passenger cars and light trucks. The Company designs, develops, casts and machines high-quality iron exhaust manifolds for automotive OEMs. Wescast has sales and design centres in Canada, the United States and Germany, as well as sales representation in the United Kingdom, France and Japan. The Company operates seven production facilities in North America, including a 49% interest in United Machining Inc., an accredited Minority supplier in Michigan, and a 50% joint venture interest in Weslin Autoipari Rt., a Hungarian based supplier of cast iron exhaust manifolds and turbo charger housings for the European light vehicle market. The Company is recognized worldwide for its quality products, innovative design solutions and highly committed workforce.