The Allied Defense Group is followed by the analysts listed above as of June 26, 2003. Please note that any opinions, estimates or forecasts regarding The Allied Defense Group's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of The Allied Defense Group, or its management. The Allied Defense Group does not by its reference above or distribution adopt or ratify the information or conclusion in such documents, nor does it undertake any obligation to publish any corrective information regarding statements made by these analysts.