Wescast Industries Inc.: Company Announcement

    BRANTFORD, Ontario--June 20, 2002--An illegal work stoppage at Wescast's Brantford Casting facility began at 8:15 a.m. Tuesday, June 18, 2002. Production of exhaust manifolds at the Brantford facility continues and no other Wescast facilities have been affected by this action.
    A decision by the Ontario Labour Relations Board was issued at 6:27 p.m. EST on Wednesday, June 19, 2002 directing the employees represented by the CAW and its Local 397 to cease and desist from engaging in an unlawful strike and to return to work on their scheduled shifts. Wescast remains hopeful that a resolution can be reached quickly.
    Customers are aware of the work stoppage and Wescast continues to work with them in monitoring priorities.
    Ray Finnie underlined that, "Wescast's position is, and has always been, to keep communication lines open. The company continues to make every effort to foster a climate of dialogue and teamwork to balance the long-term needs of all of its stakeholders."

    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 six 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.

    Advisory

    Wescast and its representatives may periodically make written or oral statements that are "forward-looking", including statements included in this news release and in our filings with applicable Securities commissions and in reports to our stockholders. These statements may be identified by words such as "believe", "anticipate," "project," "expect," "intend" or other similar expressions, and include all statements which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, volume growth, awarded sales contracts and earnings per share expectations or statements expressing general optimism about future operating results). Such statements involve risks and uncertainties that may cause unanticipated events and actually evolve to be materially different from those either expressed or implied. These factors include, but are not limited to, risks associated with the automotive industry, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated in the forward-looking statements. For more detailed information regarding these risks you may refer to Wescast's publicly filed documents with applicable Canadian securities authorities and the U.S. Securities and Exchange Commission. Wescast undertakes no obligation to update any of these forward-looking statements.