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Harvard Industries Lists On Nasdaq National Market

31 November 1998

Harvard Industries Lists On Nasdaq National Market

    LEBANON, N.J., Nov. 30 -- Harvard Industries Inc.
listed its new common stock today on the NASDAQ National Market
system under the symbol HAVA (HAVAV on a when-issued basis).
    "We're very happy to be listed again with the NASDAQ market," said Harvard
CEO Roger Pollazzi.  "This is a significant milestone achieved through an
incredible effort from our management team and employees and the support of
our customers and suppliers."
    Harvard stock had been traded on the Over The Counter Bulletin Board under
the symbol HAVAQ since the Company filed for Chapter 11 protection last year.
The Company's Plan of Reorganization contemplates a conversion of virtually
all pre-petition unsecured debt into 100% of the equity of the reorganized
Company, subject to dilution for the incentive options and the warrants to be
issued under the Plan.  Under the Company's Plan of Reorganization, Harvard's
previously issued Payment in Kind (PIK) Preferred and Common Stock have been
cancelled and holders thereof will receive warrants to acquire up to 5% of the
new common stock in the reorganized Harvard.
    Harvard Industries, Inc., designs, develops and manufactures a broad range
of components for automotive original equipment manufacturers, the automotive
aftermarket and industrial and construction equipment applications worldwide.
Headquartered in Lebanon, N.J., Harvard's 4,500-plus employees at 15 plants in
the United States and Canada produce total vehicle sealing systems, a variety
of polymer products, high-strength steel assemblies and a wide array of high-
strength aluminum, magnesium and iron products.