Meridian Automotive Systems Announces Consensual Plan of Reorganization

ALLEN PARK, Mich., June 27 -- Meridian Automotive Systems, Inc. today announced that it has reached a consensual agreement with its major creditor constituency classes and will be filing a Third Amended Plan of Reorganization and an Amended Disclosure Statement with the United States Bankruptcy Court for the District of Delaware in the near future to reflect the new arrangement. Therefore, Meridian has asked the Bankruptcy Court to continue the Disclosure Statement hearing currently scheduled for June 27, 2006 until July 17, 2006.

Richard E. Newsted, Meridian's President and CEO, said, "We are extremely pleased to have achieved a consensual plan supported by our major creditor constituencies. This will enable us to emerge from Chapter 11 in a quick, uncontested and orderly manner. We also are committed to completing the remaining steps to emerge from Chapter 11 as efficiently as possible."

About Meridian Automotive Systems, Inc.

Meridian Automotive Systems is a leading supplier of technologically advanced front and rear end modules, exterior thermoplastics and composites, lighting and interior systems to automobile and truck manufacturers. Meridian operates 20 plants in the United States, Canada and Mexico, supplying Original Equipment Manufacturers and major Tier One parts suppliers.

This news release contains forward-looking statements based on current assumptions and forecasts made by Meridian Automotive Systems management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future consolidated results, financial situation, development or performance of the company, and the estimates given here. The company assumes no liability to update such forward-looking statements or to adapt to future events or development.