Business News

TriMas Receives Notice Regarding NYSE Listing Standard

Monday 16. March 2009 - TriMas Corporation (NYSE:TRS) - a diversified engineered and applied products company - today announced that it has been notified by NYSE Regulation, Inc. that it is not in compliance with one of the continued listing standards of the New York Stock Exchange (NYSE).

As previously disclosed, TriMas had expected this notice and is developing a plan to remedy the noncompliance.

TriMas is considered below criteria for the continued listing standards because over a 30 day-trading period its total market capitalization was less than $75 million and its most recently reported stockholders’ equity was less than $75 million. In accordance with the NYSE’s continued listing criteria, TriMas intends to submit a plan to the NYSE within the required 45-day period demonstrating how it plans to comply with the NYSE’s continued listing standards. This plan will build upon the Company’s most recent earnings materials reflecting its continued capacity to improve its balance sheet, while supporting its business initiatives to improve profitability and generate strong cash flow.