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SIFCO Industries, Inc. Names Thomas Kubera Chief Financial Officer

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SIFCO Industries, Inc. (NYSE:SIF) today announced that it has
named Thomas Kubera as its Chief Financial Officer, effective August 7,
2018. Mr. Kubera is the Company's existing Chief Accounting Officer and
has served as Interim Chief Financial Officer since July 2017. He also
previously served as Interim Chief Financial Officer in 2015. His Chief
Accounting Officer duties will be absorbed into his Chief Financial
Officer role. Mr. Kubera has been with the Company since May 2014.

CEO Peter W. Knapper stated, "Tom is a highly respected member of
SIFCO's management team. As Chief Financial Officer, he will continue to
support our key business strategies while ensuring sound stewardship
over the Company's assets."

Prior to joining the Company, Mr. Kubera spent nine years at
Cleveland-Cliffs Inc. (previously known as Cliffs Natural Resources,
Inc.), a mining and natural resources company, where he held various
senior accounting roles, most recently as the Controller, Global
Operations Services.

Forward-Looking Language

Certain statements contained in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, such as statements relating to financial results and
plans for future business development activities, and are thus
prospective. Such forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties include,
but are not limited to, economic conditions, competition and other
uncertainties detailed from time to time in the Company's Securities and
Exchange Commission filings.

The Company's Form 10-K for the year ended September 30, 2017 can be
accessed through its website: www.sifco.com,
or on the Securities and Exchange Commission's website: www.sec.gov.

SIFCO Industries, Inc. is engaged in the production of forgings and
machined components primarily for the aerospace and energy markets. The
processes and services include forging, heat-treating, coating, and
machining.

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