Stoneridge Announces Credit Agreement Amendment

WARREN, Ohio, March 9 -- Stoneridge, Inc. today announced it has entered into a new credit agreement amendment with its bank group. The amendment modifies certain financial covenant requirements, changes certain reporting requirements, and sets borrowing limits based on certain asset levels. The Company has availability of up to $100 million under the amended agreement, depending on certain asset levels. The revolving credit facility agreement expires April 30, 2008.

This Amendment No. 5, dated March 7, 2006, amends the Credit Agreement dated May 1, 2002, among Stoneridge, Inc., as Borrower; the Lending Institutions Named Therein, as Lenders; National City Bank, as Administrative Agent, a Joint Lead Arranger and Collateral Agent; Deutsche Bank Securities Inc., as a Joint Lead Arranger; and Comerica Bank and PNC Bank, National Association, as the Co-Documentation Agents.

About Stoneridge, Inc.

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-highway vehicle markets. Sales in 2005 were approximately $672 million. Additional information about Stoneridge can be found at http://www.stoneridge.com/.

Forward-Looking Statements

Statements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.