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Standard Automotive Declares Quarterly Dividend

11 June 1999

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

    HILLSBOROUGH TOWNSHIP, N.J.--June 11, 1999-- 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 percent Senior Convertible Redeemable Preferred Stock as called for by the terms set forth in the Prospectus dated January 1998 and payable on June 30, 1999 to shareholders of record on June 21, 1999.
    Standard Automotive Corporation designs, manufactures 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.