PAV Republic, Inc., the parent company of Republic Engineered Products, Inc., has filed a registration statement with the SEC regarding a proposed initial public offering of common stock.

All of the common shares to be sold in the offering will be newly issued by PAV Republic. Concurrently with the offering, Republic Engineered Products, Inc., will merge with and into PAV Republic, Inc., which will adopt the name Republic Engineered Products, Inc. An electronic copy of the preliminary prospectus will be available from the SEC website at www.sec.gov.

Republic plans to use the net proceeds from the offering to repay debt. The company also intends to apply for the quotation of its common stock on the Nasdaq National Market under the symbol RSBQ.

UBS Investment Bank will act as the book running manager for the offering. A copy of the preliminary prospectus relating to these securities may be obtained, when available, from UBS Investment Bank.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. The company cautions that this announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Republic Engineered Products, Inc. is a leading North American supplier of special bar quality (SBQ) steel. Headquartered in Fairlawn, Ohio, the company operates steelmaking centers in Canton and Lorain, Ohio, and value-added rolling and finishing facilities in Canton, Lorain and Massillon, Ohio; Lackawanna, N.Y.; Gary, Ind.; and Hamilton, Ont. Republic employs approximately 2400 people.