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Standard Automotive Corporation Declares Regular Quarterly Dividend

22 December 1998

Standard Automotive Corporation Declares Regular Quarterly Dividend of $0.255 Per Share on the 8 1/2% Senior Convertible Redeemable Preferred Stock

    HILLSBOROUGH TOWNSHIP, N.J.--Dec. 21, 1998-- STANDARD AUTOMOTIVE CORPORATION (AMEX: AJX, AJX.PR) announced today that its Board of Directors has declared the regular quarterly dividend of $0.255 per share on the 8 1/2% Senior Convertible Redeemable Preferred Stock as called for by the terms set forth in the Prospectus dated January 1998 and payable on December 31, 1998 to shareholders of record on December 28, 1998.
    STANDARD AUTOMOTIVE CORPORATION designs, manufacturers and markets trailer chassis, customized dump truck bodies, specialized suspension systems for trucks, and related products and parts. The company's products are sold to equipment leasing companies, steamship lines, railroad and trucking carriers, as well as to the agricultural, construction and waste-hauling industries.