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Standard Automotive Declares Regular Quarterly Dividend

12 September 2000

Standard Automotive Corporation Declares Regular Quarterly Dividend of $0.255 Per Share On the 8 1/2% Senior Convertible Redeemable Preferred Stock

    HILLSBOROUGH TOWNSHIP, N.J.--Sept. 12, 2000-- Standard Automotive Corporation (AMEX:AJX, AJXPR) announced that its Board of Directors has declared the regular quarterly dividend of $0.255 per share on the 8 1/2 Senior Convertible Redeemable Preferred Stock as provided by the terms set forth in Standard's Certificate of Designation dated January 23, 1998 and payable on September 29, 2000 to the shareholders of record on September 26, 2000.

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