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Simpson Industries Reports Results of Proxy Contest

2 May 2000

Simpson Industries Reports Results of Proxy Contest

    PLYMOUTH, Mich., May 2 Simpson Industries, Inc.
(Nasdaq: SMPS) today announced that the independent inspector's preliminary
report of votes cast at the Company's Annual Meeting on April 19 confirmed
that shareholders had voted to support management by electing all management
nominees to the Board of Directors and rejecting the proposal of MMI
Investments by a wide margin.  Although the votes were tabulated by a
respected independent firm, MMI Investments has challenged the results.  It is
anticipated that a final report will be available within a week.
    Simpson Industries supplies powertrain and chassis products to original
equipment manufacturers in the worldwide automotive and medium and heavy duty
diesel engine markets.  Simpson's products are focused in three groups:
noise, vibration and harshness, wheel-end and suspension, and modular engine
assemblies.  Simpson's manufacturing units are located in the United States,
Canada, Mexico, Brazil, England, India, France, Spain and South Korea.
Information about Simpson is available on the Internet at
http://www.simpsonind.com .
    To receive a copy of this and other Simpson press releases by fax, please
call Company News-On-Call at 800-758-5804 - extension 107165, or you can
access the information via the Internet at http://www.prnewswire.com .