---

Aetna Announces Extension to the Consent Solicitation for Senior Notes

30 November 1999

Aetna Industries, Inc. Announces Extension to the Consent Solicitation for its 11-7/8% Senior Notes due 2006, Series B

    CENTER LINE, Mich., Nov. 29 -- Aetna Industries, Inc.
("Aetna") previously announced on November 17, 1999, that it had commenced a
consent solicitation relating to its $85.0 million outstanding principal
amount of 11 7/8% Senior Notes due 2006, Series B (the "Notes").
    Adoption of the proposed amendment to the indenture pursuant to which the
Notes were issued and the proposed waiver requires the consent of holders of
at least a majority in aggregate principal amount of the outstanding Notes.
    Aetna has now received consents and waivers from holders of a majority in
aggregate principal amount of the outstanding Notes.
    Holders of the Notes whose properly executed consents are received
(and not revoked) prior to the expiration date will receive a consent payment
of $50 per $1,000 principal amount of Notes.  The expiration date has been
extended by Aetna to 5:00 p.m. New York City time on December 9, 1999, unless
otherwise extended by Aetna.
    The consent solicitation is made pursuant to a Consent Solicitation
Statement dated November 17, 1999 and the related Consent Letter, which more
fully set forth the terms of the consent solicitation.
    Additional information concerning the consent solicitation may be obtained
from the solicitation agent, Banc One Capital Markets Inc., High Yield Capital
Markets at 800-336-3533.  Copies of the Consent Solicitation Statement and
related documents may be obtained from the information agent, MacKenzie
Partners, Inc. at 800-322-2885.