SL Industries Submits Business Plan to NYSE for Compliance with Exchange's Continued...

Business Editors

MT. LAUREL, N.J.--(BUSINESS WIRE)--Dec. 11, 2001

SL Industries, Inc. (NYSE:SL)(PHLX:SL) today announced that it has submitted a plan with the New York Stock Exchange (NYSE) for complying with the NYSE's continued listing criteria. According to the criteria, companies

are required to have a minimum stockholders' equity of $50 million and a minimum market capitalization of $50 million over any consecutive 30-day trading period. Companies below these levels must submit a business plan for the NYSE's approval, demonstrating how the company anticipates meeting the standards within an eighteen-month period. In October 2001, the NYSE notified the Company that it had fallen below the NYSE's minimum equity and capitalization standards, and requested that the Company provide a business plan demonstrating how it intends to achieve and sustain compliance. As of September 30, 2001, the Company had stockholders' equity of $36,568,000. At the close of the market on December 7, 2001, the Company's total market capitalization was approximately $40 million.

The Company today submitted the required plan to the NYSE setting forth the action that the Company intends to take to comply with the eligibility standards. After reviewing the plan, the Committee will either accept it (following which the Company will be subject to quarterly monitoring for compliance with the plan), or not (in which event the Company will be subject to NYSE trading suspension and delisting). Should the Company's shares cease being traded on the NYSE, the Company believes that an adequate alternative trading venue will be available.

About SL Industries

SL Industries, Inc. designs, manufactures and markets Power and Data Quality (PDQ) equipment and systems for industrial, medical, aerospace and consumer applications. For more information about SL Industries, Inc. and its products, please visit the Company's web site at www.SLpdq.com.

Forward-Looking Statements

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: the effectiveness of the cost reduction initiatives undertaken by the Company, changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.