Accuride Appoints Robert E. Davis to Board of Directors

  Accuride Appoints Robert E. Davis to Board of Directors

Business Wire

EVANSVILLE, Ind. -- January 29, 2013

Accuride Corporation (NYSE: ACW), a leading supplier of components to the
North American commercial vehicle industry, announced that, effective today,
it has completed the appointment of Robert E. Davis to the Company’s Board of
Directors as an independent director. Davis joins the Board per the agreement
between Accuride and Cetus Capital and certain of its affiliates
(collectively, “Cetus”) announced on December 20, 2012. This agreement
provided for the appointment of a Cetus designee, at the time expected to be
Davis, to the Company’s board of directors and to be nominated for election at
the Company’s 2013 annual meeting of stockholders. Cetus is Accuride’s largest
shareholder and currently owns approximately 14.97% of Accuride’s shares.

“We are pleased to complete Rob’s addition to the Accuride Board and look
forward to benefitting from his significant financial, capital markets and
leadership experience with investment firms known for driving long-term
value,” said Rick Dauch, Accuride President and CEO. “With the
operational-improvement actions of our ‘Fix and Grow’ strategy now largely
complete and yielding solid performance gains, adding Rob’s depth of insight
to our Board at this time supports the Company’s renewed commitment to
restoring dependable performance for shareholders while exploring
opportunities for expansion in new geographic markets.”

Davis is currently a Managing Director of Cetus Capital affiliate Littlejohn &
Co., LLC, which he joined as a Partner in 2005. Previously, he was a managing
director and founding member of Oaktree Capital Management’s Mezzanine Fund
where he was responsible for originating, executing and monitoring mezzanine
investments. Earlier, he was a principal at Halcyon Asset Management LLC,
focusing on distressed / special situations investments. Davis started his
post-MBA career at Prudential Insurance Company, where he was a founding
member of its Financial Restructuring Group. Earlier, he held high-yield and
investment banking analyst positions at Oppenheimer and Co. and Bear Stearns &
Co. Davis received an MBA from the J.L. Kellogg School of Management at
Northwestern University and a BA in Economics with Honors from Northwestern
University.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading
supplier of components to the North American commercial vehicle industry. The
company’s products include commercial vehicle wheels, wheel-end components and
assemblies, truck body and chassis parts, and other commercial vehicle
components. The company’s products are marketed under its brand names, which
include Accuride®, Accuride Wheel End Solutions™, Gunite®, Imperial™ and
Brillion™. Accuride’s common stock trades on the New York Stock Exchange under
the ticker symbol ACW. For more information, visit the Company’s website at
www.AccurideCorp.com.

Forward-Looking Statements

Statements contained in this news release that are not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding the Company’s
expectations, hopes, beliefs and intentions on strategies regarding Accuride’s
future results. It is important to note that the Company’s actual future
results could differ materially from those projected in such forward-looking
statements because of a number of factors, including but not limited to,
market demand in the commercial vehicle industry, general economic, business
and financing conditions, labor relations, governmental action, competitor
pricing activity, expense volatility and other risks detailed from time to
time in the Company’s Securities and Exchange Commission filings.

Contact:

Accuride Corporation
Timothy G. Weir, APR, 812-962-5128
Director of Public Affairs, Communications & Marketing
tweir@accuridecorp.com
or
Chad Monroe,  812-962-5041
Director of Corporate Development
cmonroe@accuridecorp.com
 
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