CTS Corporation Makes Announcement

21 October 1999

CTS Corporation Makes Announcement

    ELKHART, Ind.--Oct. 20, 1999--CTS Corporation has a policy of not commenting on market activity in the trading of CTS common stock or market rumors.
    However, due to numerous investor inquiries related to recent stock market volatility, CTS released the following comment.
    "CTS is not aware of any development applicable to its business or prospects that adversely affects its outlook," said Joseph P. Walker, Chairman of the Board, President and Chief Executive Officer of CTS. "We intend to have no further comment on the recent stock market volatility," Walker added.
    As previously announced, CTS will release its earnings for the third quarter ended October 3, 1999 on October 27, 1999 and has scheduled a conference call for 4:00 p.m. (EDT) that day. The call-in number is 800-230-1074.
    CTS Corporation designs, manufactures and sells a broad line of electronic components and custom electronic assemblies for OEM customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States, Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information on CTS Corporation, visit our website at www.ctscorp.com.
    The Company's plans, estimates and beliefs concerning the future contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those reflected herein due to a variety of factors that could affect the Company's operating results, liquidity and financial condition, such as risks associated with the integration of acquired operations, competitive factors and price pressures, shifts in market demand and general economic conditions, foreign operations and developments and other factors.