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Aetna Industries, Inc. Extends Tender Offer

29 September 1999

Aetna Industries, Inc. Extends Tender Offer

    CENTER LINE, Mich., Sept. 28 -- Aetna Industries, Inc.
("Aetna") announced today that it has extended the expiration date of its
tender offer (the "Tender Offer Expiration Date") relating to its $85.0
million outstanding principal amount of 11 7/8% Senior Notes due 2006, Series
B (the "Notes").  The Tender Offer Expiration Date had previously been
extended to September 30, 1999.
    Aetna has extended the Tender Offer Expiration Date to 12:00 midnight, New
York City time, on October 29, 1999, unless terminated or extended.  Holders
may withdraw tenders of Notes up to that time.  The Price Determination Date
(as defined in the Offer to Purchase and Consent Solicitation Statement dated
July 28, 1999) has, as a result, been extended to October 27, 1999.
    Banc One Capital Markets, Inc. is acting as the dealer manager for the
tender offer and the consent solicitation.  The depositary for the tender
offer is Norwest Bank Minnesota National Association.
    This press release is neither an offer to purchase nor a solicitation of
an offer to sell the Notes.  The tender offer and consent solicitation are
made only by the Offer to Purchase and Consent Solicitation dated July 28,
1999.  Additional information concerning the terms of the tender offer and
consent solicitation may be obtained from Banc One Capital Markets, Inc., High
Yield Capital Markets, at 800-336-3533.  Copies of the Offer to Purchase and
Consent Solicitation Statement and related documents may obtained from
MacKenzie Partners, Inc., the information agent, at 800-322-2885.
    Statements in this press release which are not historical facts or
information may be forward-looking statements based on current expectations
that are covered under the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.  These forward-looking statements involve risks
and uncertainties that could cause the outcome to be materially different from
expectations.  Certain of these risks and uncertainties are set forth in
Aetna's 1998 annual report on Form 10-K, its quarterly report on 10-Q and
subsequent filings filed with the Securities and Exchange Commission.