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Insilco Announces Sale of $120M of 12% Senior Subordinated Notes

3 November 1998

Insilco Announces Sale of $120,000,000 of 12% Senior Subordinated Notes

    COLUMBUS, Ohio, Nov. 3 -- Insilco Holding Co.
(OTC BULLETIN BOARD: INSL) today announced that its operating subsidiary,
Insilco Corporation, priced $120 million of 12% Senior Subordinated Notes due
2007 in the Rule 144A market.  The Notes were sold with 120,000 warrants to
purchase an aggregate of 62,400 shares of Insilco Holding Co. common stock.
The warrants, representing 4% of the fully diluted Insilco common stock, have
an exercise price of $45.00 per share.
    The Company will use the net proceeds from the offering, together with
borrowings under the Company's credit facilities, to repurchase the 10-1/4%
Senior Subordinated Notes due 2007 either tendered pursuant to the Company's
outstanding offer to purchase or otherwise.
    The Company also announced that due to the new financing, it would not be
proceeding with the previously announced consent solicitation made with
respect to the 10-1/4% Notes.  The consent solicitation offer expired on
October 30, 1998.
    Insilco Holding Co., based in suburban Columbus, Ohio, is a diversified
manufacturer of industrial components and a supplier of specialty
publications.  The Company's industrial business units serve the automotive,
electronics, telecommunications and other industrial markets, and its
publishing business serves the school yearbook market.  The Company had 1997
revenues in excess of $500 million.
    The securities offered have not been registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.