American Axle & Manufacturing Announces Payment of Quarterly Cash Dividend

DETROIT, June 28 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced the payment of AAM's first ever dividend as a public company. The quarterly cash dividend of $0.15 per share is payable on June 28, 2004, to stockholders of record of the company's issued and outstanding common stock as of June 7, 2004.

American Axle & Manufacturing is a world leader in the manufacture, design, engineering, and validation of driveline systems and related components and modules, chassis systems and forged products for trucks, sport utility vehicles and passenger cars. In addition to its 14 locations in the United States (in Michigan, New York and Ohio), AAM also has offices and facilities in Brazil, England, Germany, India, Japan, Mexico and Scotland.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the Company's actual results or plans to differ materially from those expected by the Company which include risk factors described in the Company's filings with the Securities and Exchange Commission.

  For more information ...

  Media relations contact             Investor relations contact
  Carrie L.P. Gray                    Christopher M. Son
  Director, Corporate Relations       Director, Investor Relations
  (313) 758-4880                      (313) 758-4814
  grayc@aam.com                       chris.son@aam.com

  Or visit the AAM website at http://www.aam.com/

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