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Defiance, Inc. Declares Regular Quarterly Dividend

23 October 1998

Defiance, Inc. Declares Regular Quarterly Dividend

    CLEVELAND, Oct. 23 -- Directors of Defiance, Inc.
today declared a regular quarterly dividend of $0.04 per share,
payable December 4, 1998 to shareholders of record November 13, 1998.
    Defiance, headquartered in Cleveland, is a manufacturer of specialty anti-
friction bearings and metal prototype dies and parts, and provides testing and
tooling development services to the U.S. motor vehicle industry.
    Defiance's Internet address is http://www.defiance-inc.com.