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Unique Mobility, Inc. Executive Management Acquires Shares

8 September 1998

Unique Mobility, Inc. Executive Management Acquires Shares; Key Officers Bullish on Company's Growth Prospects

    GOLDEN, Colo., Sept. 8 -- Unique Mobility, Inc. (Amex: UQM)
announced today that three executive officers have acquired a total of 76,900
shares of the Company's common stock in recent transactions.
    Ray A. Geddes, Chairman and Chief Executive Officer, acquired a total of
50,000 shares of which 10,000 shares were purchased in open market
transactions at prices ranging from $4.75 to $5.38, with the remaining 40,000
shares acquired through the exercise of common stock options at exercise
prices ranging from $0.50 to $0.75 per share.
    William G. Rankin, President and Chief Operating Officer, acquired 10,000
shares through the exercise of common stock options at an exercise price of
$2.25 per  share.
    Donald A. French, Treasurer and Chief Financial Officer, acquired a total
of 16,900 shares of which 6,000 shares were purchased in an open market
transaction at a price of $6.06 and 10,900 shares of common stock were
acquired through the exercise of common stock options at an exercise price of
$0.75 per share.
     In commenting on the share purchases, Mr. Geddes said, "Unique Mobility
is on the move and recent market conditions have afforded us the opportunity
to expand our ownership at attractive prices.  Recent acquisitions have
expanded our presence in a number of markets and opened up a wide spectrum of
new opportunities to grow the Company rapidly."
    Unique Mobility, Inc., is a leading developer and manufacturer of power
dense, high efficiency motors, gear assemblies and electronic assemblies for
the aerospace, telecommunications, automotive, medical and industrial markets.
The Company's corporate headquarters and engineering and product development
center is located in Golden, Colorado.  Manufacturing facilities are located
at Frederick, Colorado (motors and gears) and St. Charles, Missouri
(electronic assemblies).
    This release may contain forward-looking statements that involve risks and
uncertainties.  These statements may differ materially from actual future
events or results.  Readers are referred to the Risk Factors section of the
Registration Statement on Form S-3 (File No. 333-52861) filed by Unique with
the SEC, which identifies important risk factors that could cause actual
results to differ from those contained in the forward-looking statements,
including Unique's history of operating losses, its ability to obtain
additional financing, competition, the Company's ability to integrate acquired
businesses into existing operations, Unique's ability to protect its
proprietary information, and Unique's limited experience in manufacturing
processes and procedures and marketing and distribution.