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Insilco Announces Exchange Offer of Senior Discount Notes

12 November 1998

Insilco Announces Exchange Offer of $138,000,000 Senior Discount Notes

    COLUMBUS, Ohio, Nov. 12 -- Insilco Holding Co.
(OTC BULLETIN BOARD: INSL) today announced the commencement of an exchange
offer to exchange an aggregate of up to $138,000,000 principal amount at
maturity of its 14% Senior Discount Notes due 2008 (the "Exchange Notes"),
which have been registered under the Securities Act of 1933, for an identical
face amount of the issued and outstanding 14% Senior Discount Notes due 2008
(the "Old Notes").  The Exchange offer will expire at 5:00 P.M., New York City
Time, on December 10, 1998, unless extended.
    The Exchange Offer is being made by means of a prospectus, copies of which
may be obtained from the Exchange Agent, Star Bank, N.A.  For further
information please contact William Sicking, Star Bank, N.A. at 513-632-4278.