Noble International Signs Agreement to Purchase Silao, Mexico Operations from Oxford Automotive

WARREN, Mich., Jan. 13, 2005 -- Noble International, Ltd. ("Noble" or the "Company") announced today that it completed the purchase of the assets of Oxford Automotive's steel processing facility in Silao, Mexico, effective January 1, 2005. Noble acquired the facility for $5.6 million in cash and the assumption of $1.1 million in operating liabilities.

The facility currently supplies component blanks on a toll processing basis to the Mexican automotive industry. Sales at the facility are expected to be approximately $5.7 million for 2005. Noble plans to begin laser welding at the facility in the latter half of 2005 and has received preliminary commitments to supply laser-welded blanks for a future light truck program in Mexico.

Subsequent to the transaction, Noble intends to sell a minority interest in this business by entering into a joint venture with an international steel processing company with operations in Mexico. The Company anticipates that the joint venture will operate the Silao facility with Noble retaining a majority interest in the venture. Management expects to reach a definitive agreement with its joint venture partner in early 2005.

Christopher L. Morin, President and Chief Executive Officer of Noble, stated, "We are enthusiastic about our entry into the Mexican market and our prospects for future growth. As we emphasized to our shareholders, our expansion into new markets is driven by a disciplined investment policy and we expect this acquisition to be accretive to earnings. Once we have reached an agreement with our prospective joint venture partner, we will be better able to project the expected contribution of the acquisition to Noble's financial results. We anticipate being able to provide more information about our plans for Mexico and updated guidance prior to our next earnings conference call."