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Insilco Completes Sale of Automotive Businesses

29 August 2000

Insilco Holding Co. Completes Sale of Automotive Businesses and Purchase of Precision Cable Manufacturing

    COLUMBUS, Ohio, Aug. 28 Insilco Holding Co.
(OTC Bulletin Board: INSL) today announced that on August 25, 2000, through
its wholly owned subsidiary, Insilco Corporation, it completed the previously
announced sale of its automotive businesses. Net proceeds of $143.8 million
from the divestiture were used to reduce drawn balances under the existing
Bank Credit Facilities.
    The Company also announced that as part of its strategic repositioning it
has changed the name of its operating subsidiary, Insilco Corporation, to
Insilco Technologies, Inc. (IT), amended IT's previous Bank Credit Agreement
and Facilities to $210 million, and completed IT's previously announced
acquisition of Precision Cable Manufacturing Company (PCM). Proceeds from the
amended credit agreement, net of fees and expenses, were used to repay the
balances under the previous Bank Credit Facilities, complete the acquisition
of PCM, and increase liquidity.