NEWS

WIRES

OTHER

EaglePicher Holdings, Inc. and EaglePicher Incorporated Announce Resignation of Mr. Lloyd Cotsen and Dr. Wendelin Wiedeking From Board of Directors

EaglePicher Holdings, Inc. ("EP Holdings") and EaglePicher Incorporated ("EPI" and together with EP Holdings, "EaglePicher") announced that Mr. Lloyd Cotsen and Dr. Wendelin Wiedeking have resigned from the Boards of Directors of both companies due to other commitments.

"I have been traveling and intend to continue to travel extensively around the world, often to remote and inaccessible locations," noted Cotsen. "And therefore I am often not reachable for days or weeks. This is not compatible to EaglePicher's needs."

Wiedeking echoed Cotsen's remarks, stating, "With my time commitments I cannot devote the time and attention that EaglePicher needs."

Dr. Joel Wyler, Chairman of EaglePicher, thanked Cotsen and Wiedeking for their service to EaglePicher, stating, "Lloyd and Wendelin have given much of their time and business experience to EaglePicher over the past years and we are grateful for that."

EaglePicher noted that there was no disagreement between either Cotsen or Wiedeking regarding EaglePicher's operations, policies or practices.

EaglePicher Incorporated, founded in 1843 and headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, environmental, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 3,900 employees and operates more than 30 plants in the United States, Canada, Mexico and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.

EaglePicher Holdings, Inc. is the parent of EaglePicher Incorporated.

EaglePicher(TM) is a trademark of EaglePicher Incorporated.

Forward-looking Statements. This news release contains statements that, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, section 21E of the Securities Exchange Act of 1934. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially from those expressed in any such forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to maintain existing relationships with customers, demand for our products, our ability to successfully implement productivity improvements and/or cost reduction initiatives, including the performance of automated equipment, accuracy of our estimates to complete contracts on a percentage of completion method of accounting, our ability to source raw materials and components from overseas suppliers, accuracy of our reserves for losses, our ability to consolidate manufacturing plants, our ability to develop, market and sell new products, our ability to obtain raw materials especially certain grades of steel and natural gas on an economic basis, increased government regulation or changing regulatory policies resulting in higher costs and/or restricting output, increased price competition, currency fluctuations, general economic conditions, acquisitions and divestitures, technological developments and changes in the competitive environment in which we operate, as well as factors discussed in our filings with the U.S. Securities and Exchange Commission. We undertake no duty to update the forward-looking statements in this press release and you should not view the statements made as accurate beyond the date of this press release.

Distributed by Market Wire