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Simpson Industries Wins Proxy Contest Final Count Certification

4 May 2000

Simpson Industries Wins Proxy Contest Final Count Certification from Independent Inspector of Elections Received

    PLYMOUTH, Mich., May 3 Simpson Industries, Inc.
(Nasdaq: SMPS) today announced that final certification of votes cast at the
Company's Annual Meeting on April 18 confirmed that its shareholders had voted
to support management on both contested proposals by a wide margin.  As a
result, all of management's nominees were elected to the Board of Directors
and the MMI Investments proposal to auction the Company was rejected.  The
certification by CT Corporation System, a highly respected independent firm,
followed a review session in which MMI Investments, the sponsor of the
shareholder proposal, was given the opportunity to challenge proxies submitted
at the Annual Meeting.  CT Corporation System also conducted that review
session and ruled on all issues raised by MMI.
    Roy E. Parrott, Chairman and Chief Executive Officer, stated:  "We are
pleased to note that over 82% of Simpson shares, an unusually high quorum,
were represented at the meeting and that the independent inspector has
certified the result and confirmed that all valid proxies were properly
counted."
    "More importantly," Parrott added, "we are pleased that Simpson
shareholders have supported our strategic plan and have elected to the Board
experienced directors with the best interests of all shareholders in mind.
The Board of Directors, however, is concerned about the undervaluation of
shares in the current market despite our record sales and earnings and bright
prospects and it will continue to explore alternative ways to increase
shareholder value."
    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 .
    Certain statements in this press release may be "forward-looking
statements" under the Securities Exchange Act of 1934.  Statements regarding
future operating performance, new programs expected to be launched and other
future prospects and developments are based on current expectations and
involve certain risks and uncertainties that could cause the actual results
and developments to differ materially from the forward-looking statements.
Potential risks and uncertainties include such factors as demand for the
Company's products, pricing and other actions taken by the Company.
    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