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<page> News Release Ak Steel Completes Sawhill Tubular Division Sale Middletown, Oh, April 19, 2002--Ak Steel (NYSE: AKS) Said Today That It Had Completed the Sale of Its Sawhill Tubular Division (Sawhill) to John Maneely Company, Collingswood, New Jersey. as a Result of the Sale, Ak Steel Expects to Realize Net Cash Proceeds of Approximately $50 Million in the Second Quarter. as Discussed Earlier Today on Ak Steel's First Quarter Earnings Conference Call, the Company Expects to Record a Negative Impact to Second Quarter Earnings of Approximately $0.06 Per Diluted Share of Stock as a Result of the Sale of Sawhill. Sawhill Manufactures Continuous Weld, Electric Resistance Weld, Seamless and Mechanical Tube and Pipe Products in Diameters Up to Six Inches. End Uses for Those Products Include Construction, Manufacturing, Transportation, Fire Suppression and Conveyor Systems. With Headquarters in Middletown, Ohio, Ak Steel Produces Flat-Rolled Carbon, Stainless and Electrical Steel Products for Automotive, Appliance, Construction and Manufacturing Markets. the Company Has About 10,700 Employees in Plants and Offices in Middletown, Coshocton, Mansfield, Walbridge and Zanesville, Ohio; Ashland, Kentucky; Rockport, Indiana; and Butler, Pennsylvania. in Addition, the Company Produces Snow and Ice Control Products and Operates an Industrial Park on the Houston, Texas Ship Channel
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<page> News Release Ak Steel Completes Change of Control Offers for Former Armco Notes Middletown, Oh, December 8, 1999 -- Ak Steel (NYSE: Aks)today Announced That It Has Completed Its Change of Control Repurchase Offers for Two Series of Senior Notes, Totaling $225 Million, Originally Issued by Armco Inc. the Principal Amount of Senior Notes Tendered Under the Offers Totaled $74 Million, Thus Reducing Ak Steel's Long-Term Debt by That Amount. Utilizing Existing Corporate Cash, Ak Steel Purchased the Notes at a Price of 101% of Their Principal Amount Plus Accrued Interest. Ak Steel Produces Flat-Rolled Carbon, Stainless and Electrical Steel Products for Automotive, Appliance, Construction and Manufacturing Markets, as Well as Standard Pipe and Tubular Steel Products. Ak Steel Is Headquartered in Middletown, Ohio. It Employs About 11,500 Men and Women in Plants and Offices in Middletown, Coshocton, Dover, Mansfield, Warren and Zanesville, Ohio; Ashland, Kentucky; Rockport, Indiana; and Butler, Sharon and Wheatland, Pennsylvania. Ak Steel Also Produces Snow and Ice Control Products, and Operates a Major Industrial Park on the Houston, Texas Ship Channel
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<page> Exhibit 1 News Release Ak Steel Prices Note Offering Middletown, Oh, April 27, 1999--Ak Steel (NYSE: Aks)said James M. Banker, 42, Was Named to the New Position of Vice President - Sales and Marketing. He Had Been General Manager, Sales Since 1992. Mr. Banker Continues to Report to Richard E. Newsted, Executive Vice President, Commercial. Replacing Mr. Banker as General Manager, Sales Is Douglas W. Gant. the Company Also Announced That Douglas W. Tyger Was Named General Manager, Customer Technical Services and Anita A. Bugitzedes Was Named General Manager, Inside Sales and Shipping. Mr. Banker Joined Ak Steel's Predecessor Company in 1980 and Advanced Through a Number of Commercial Assignments. He Holds an A.B. Degree in Government From Harvard University. Ak Steel Produces Carbon and Stainless Flat-Rolled Steel for Automotive, Appliance, Construction and Other Markets. the Company Employs About 5,800 People in Plants and Offices in Middletown, Ashland, Kentucky, and Rockport, Indiana
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