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Insilco Holding Co. Announces Extension of Exchange Offer

16 December 1998

Insilco Holding Co. Announces Extension of Exchange Offer on 14% Notes

    COLUMBUS, Ohio, Dec. 15 -- Insilco Holding Co.
(OTC Bulletin Board: INSL) announced today that it has extended the exchange
period for its 14% Senior Discount Notes due 2008 ("the Notes").  An aggregate
of up to $138,000,000 principal amount of unregistered issued and outstanding
Notes will be exchanged for an identical face amount of 14% Senior Discount
Notes which have been registered under the Securities Act of 1993.
    The exchange offer is being extended and will now expire at 5 p.m., New
York City time on Wednesday, December 23, 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.