CITATION CORPORATION
2 Office Park Circle, Suite 204
Birmingham, AL 35223
Contact: Stanley B. Atkins
205-871-5731

March 17, 1997

BIRMINGHAM, Alabama -- The Southern Ductile Castings division of Citation Corporation (Nasdaq: CAST) was struck as of midnight Sunday night, March 16, by the GMP Union local 62 when members failed to ratify a proposed new agreement. Southern Ductile continued limited operations with supervisory employees today. There are approximately 200 production workers at the facility.

The strike is not expected to have a material impact on Citation earnings assuming it is of limited duration.

The company had offered a labor agreement containing substantial increases in wages, pensions and life insurance and maintaining health care coverage at its current level with no increases in the employee contribution during the life of the agreement. Average wages at the plant are approximately $10.00 per hour. Citation Corporation also operates similar divisions in other localities.

Citation is a metal components producer for capital goods and durable goods industries with 16 manufacturing divisions located in eight states. The Bessemer plant has annual sales of approximately $25 million and produces ductile iron castings for passenger cars and light trucks, heavy trucks, industrial valves, farm equipment and electrical equipment. For Citation, fiscal 1996 sales were $487.8 million and the corporation has approximately 5,600 employees.