Accuride Announces Extension of Date to Reach Final Restructuring Agreement

EVANSVILLE, Ind.--Accuride Corporation (OTCBB: AURD) today announced that it is nearing agreement on a restructuring transaction with its key constituents. As a result, the ad hoc committee of holders of Accuride’s 8-1/2 percent senior subordinated notes has agreed to extend the termination date for achieving an agreement to a restructuring transaction under its forbearance agreement until 9:00 a.m., Eastern Time, on October 8, 2009. Accuride’s senior lenders have also extended the termination date under its temporary waiver until 9:00 a.m., Eastern Time, on October 8, 2009. These extensions are expected to provide the time necessary to finalize terms of a financial restructuring that includes sufficient financing of Accuride’s operations to provide security to its business partners.

“We are pleased with the substantial progress that has been achieved through the dedication of our many constituents, and we look forward to wrapping up a final restructuring plan in the very near future,” said Bill Lasky, Accuride’s President, CEO, and Chairman of the Board.

Forward-looking statements

Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Accuride’s expectations, hopes, beliefs and intentions. It is important to note that Accuride's actual future results could differ materially from those expressed or implied in such forward-looking statements, and such statements are subject to a number of risks, uncertainties and other factors. These factors could include, among other things, whether Accuride is able to successfully finalize the terms of a restructuring transaction prior to the expiration of the temporary waiver and the forbearance agreement, whether Accuride determines that another restructuring alternative provides greater value to Accuride and its stakeholders, and Accuride’s on-going liquidity and financing concerns. In addition, such statements are subject to the impact on Accuride’s business and prospects generally of, among other factors, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Accuride’s Securities and Exchange Commission filings, including those described in Item 1A of Accuride’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008. Any forward-looking statement reflects only Accuride’s belief at the time the statement is made. Although Accuride believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee its future results, levels of activity, performance or achievements. Except as required by law, Accuride undertakes no obligation to update any forward-looking statements to reflect events or developments after the date of this news release.