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Safety Components Reports That Audit Committee Investigation to be Completed

17 November 1999

Safety Components Reports That Audit Committee Investigation is Expected to be Completed Within 30 to 45 Days

    GREENVILLE, S.C., Nov. 17 -- Safety Components International,
Inc. , one of the world's leading manufacturers of automotive
airbag fabrics and cushions, today announced that it has been advised by its
Audit Committee, that the Committee anticipates completing its previously
announced investigation within 30 to 45 days.
    The Audit Committee has also advised the Company that, based upon
interviews conducted and documents reviewed to date, although the
investigation has not yet been completed, the Audit Committee has not learned
anything which would require prior period financial statements to be restated
beyond the levels identified in the Company's November 9, 1999 press release
and its Form 10-Q for the second quarter of fiscal 2000.
    The Company had previously reported that its management had uncovered
certain matters relating to the Company's financial statements for each of the
fiscal years 1998 and 1999 which will require further investigation and a
restatement of such financial statements as well as the financial statements
included in the report on Form 10-Q for the first quarter of fiscal 2000.  The
discovery was immediately brought to the attention of the Company's board of
directors and independent auditors.  The restatement is expected to primarily
relate to reported results of non-core operations.  The Company's audit
committee, consisting solely of outside members of the Board of Directors,
with the assistance of special counsel and a public accounting firm, is
conducting a thorough investigation of the matters identified.
    This press release contains forward-looking statements.  The Company
wishes to caution the reader of this press release that such forward-looking
statements, including but not limited to the second paragraph, are subject to
various known and unknown risks and uncertainties including further adverse
findings in the investigation -- which has not yet progressed to the stage
where conclusive findings can be made -- and that such additional findings
could delay the completion of the investigation; and the effect of the
investigation on lenders, customers and suppliers.  Additional information on
factors that could potentially affect the Company's financial results may be
found in the Company's filings with the Securities and Exchange Commission.
    Safety Components International, Inc. is a leading low cost supplier of
automotive airbag fabric and cushions with operations in North America and
Europe.  The Company is also a leading manufacturer of value-added synthetic
fabrics used in a variety of niche industrial and commercial applications.  In
addition, Safety Components supplies metal airbag components to its airbag
customers utilizing its machining and stamping capabilities gained from years
of experience as a military ordnance manufacturer and continues as a systems
integrator and manufacturer for ordnance programs.