Reinhold Declares Special Dividend

November 2005

	Reinhold Industries, Inc. (NASDAQ: RNHDA) manufactures advanced custom composite components and molding compounds for defense, aerospace and other industries in the United States
	Reinhold announced the completion of the sale of its NP Aerospace subsidiary and a special dividend funded by proceeds from the sale of NP Aerospace and a new term loan from LaSalle Bank
	Reinhold's board of directors retained TM Capital as its advisor regarding the special dividend and TM Capital provided the board of directors with a solvency opinion
	Reinhold declared a special dividend of $6.00 per share, or $19.6 million in aggregate

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