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MascoTech Announces Plans to Repurchase Common Stock

22 December 1998

MascoTech Announces Plans to Repurchase Common Stock

    TAYLOR, Mich., Dec. 22 -- MascoTech today announced that its
Board of Directors authorized the purchase of up to an aggregate of 5 million
shares of its Common Stock in open market purchases, privately negotiated
transactions or otherwise.
    The buyback authorization equates to approximately ten percent of the
shares outstanding.  It is anticipated that this program will be completed
over the next two years, depending upon future market conditions, the
Company's share price, and other factors.  The buyback will be primarily
funded from excess cash flow generated from internal operations and
anticipated business divestitures.
    MascoTech is a diversified manufacturing company with world-leading metal
forming process capabilities and proprietary product positions serving
transportation, industrial and consumer markets.
    Visit MascoTech's website at http://www.mascotech.com.  MascoTech's press
releases are also available through Company News On Call by fax, 800-758-5804,
extension 535375, or http://www.prenewswire.com.