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Lund International Completes Tender Offer for Deflecta-Shield

30 December 1997

Lund International Completes Tender Offer for Deflecta-Shield

    ANOKA, Minn., Dec. 30 -- Lund International Holdings, Inc.
, a leading manufacturer of appearance accessories for light
trucks, today announced that its cash tender offer for all outstanding common
stock of Deflecta-Shield Corporation at $16 per share expired
at 12:00 midnight (EST) Monday, December 29, 1997.  Lund, through a wholly
owned subsidiary, has accepted for payment all shares tendered.
    Based on information provided by the Depositary for the tender offer, a
total of approximately 4,742,411 shares of Common Stock were tendered, which
include 34,309 shares delivered pursuant to the guarantee delivery procedures.
This represents approximately 98.8% of the outstanding shares of Deflecta-
Shield which have been validly tendered and not withdrawn pursuant to Lund's
previously announced tender offer.
    In the second step of the acquisition, Deflecta-Shield will become a
wholly owned subsidiary of Lund.  Because at least 90% of Deflecta-Shield's
outstanding shares were tendered, the merger may be effected without a meeting
of Deflecta-Shield stockholders.  In the merger, each issued and outstanding
share (other than dissenting shares) of Deflecta-Shield will be converted into
and represent the right to receive $16 in cash, without interest.
    Based in Anoka, Minnesota, Lund International Holdings is a leading
designer, manufacturer and marketer of a broad line of fiberglass and plastic
appearance accessories for new and used light trucks, including pick-up
trucks, sport utility vehicles, minivans, and other vans.
    With annual sales of $72 million, Deflecta-Shield Corporation manufactures
plastic, fiberglass and aluminum appearance accessories for light trucks and
heavy trucks.  Based in Indianola, Iowa, the company also supplies suspension
systems and shock absorbers for light trucks.

SOURCE  Lund International Holdings, Inc.