Market Overview

Shiloh Industries Comments on Reorganization of MTD Holdings Inc's Ownership Interest in Shiloh


Shiloh Industries, Inc. (NASDAQ:SHLO), a leading global supplier of
lightweighting, noise, and vibration solutions to the automotive,
commercial vehicle and other industrial markets, commented on a Form 3,
Form 4 and Schedule 13D filed today in connection with a reorganization
of MTD Holdings Inc ownership of shares of Shiloh Industries' Common

As a result of the internal reorganization at MTD Holdings Inc, the
7,300,866 shares of Common Stock, which represent approximately 31% of
Shiloh's shares outstanding, that were previously held indirectly by MTD
Holdings Inc are now held indirectly by Oak Tree Holdings LLC, an
affiliate of MTD Holdings Inc.

"MTD has held a strategic investment in Shiloh since 1998 and I am
pleased that this relationship will continue under the new Oak Tree
structure," said Ramzi Hermiz, president and chief executive officer of
Shiloh Industries. "On behalf Shiloh Industries, I'd like to thank MTD
for their continued support of our company."

About Shiloh Industries:

Shiloh Industries, Inc. (NASDAQ:SHLO) is a global innovative solutions
provider focusing on lightweighting technologies that provide
environmental and safety benefits to the mobility market. Shiloh designs
and manufactures products within body structure, chassis and propulsion
systems. Shiloh's multi-component, multi-material solutions are
comprised of a variety of alloys in aluminum, magnesium and steel
grades, along with its proprietary line of noise and vibration reducing
ShilohCore® acoustic laminate products. The strategic BlankLight®,
CastLight® and StampLight® brands combine to maximize lightweighting
solutions without compromising safety or performance. Shiloh has over
4,200 dedicated employees with operations, sales and technical centers
throughout Asia, Europe and North America.

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