Western Reserve Partners Provides Fairness Opinion to SIFCO Board in Connection with Divestiture


June 27, 2006

Western Reserve Partners LLC provided the fairness opinion to the Board of Directors of SIFCO Industries, Inc. (“SIFCO”) in connection with the sale of the large aerospace portion of its turbine engine component repair business and certain related assets to SR Technics, through a wholly owned Irish subsidiary SR Technics Airfoil Services Limited. Based in Zurich, Switzerland, SR Technics is one of the world’s leading independent total solutions providers of aircraft, component, engine and technical services. SIFCO (AMEX: SIF), headquartered in Cleveland, Ohio, is engaged in the production and sale of a variety of metalworking processes, services and products produced primarily to the specific design requirements of its customers.

Western Reserve Partners, a fully licensed NASD member firm, was engaged by a special committee of the Board of Directors to provide an independent opinion as to the fairness, from a financial point of view, of the consideration received in connection with the divestiture. Managing Director Ralph Della Ratta led the Western Reserve Partners team advising SIFCO’s Board of Directors.

“SIFCO’s Board of Directors had to analyze many factors as it carefully considered the sale of its large aerospace turbine engine component repair business to SR Technics,” said Della Ratta. “We are pleased that we were able to apply our fairness opinion experience in helping them evaluate this important transaction.”

SIFCO Board Member Alayne Reitman added, “The SIFCO Board appreciated the independent perspective that Western Reserve Partners provided in advising us as to the fairness of the divestiture of our large aerospace turbine engine component repair business.”

Western Reserve Partners LLC is a Cleveland, Ohio-based boutique investment banking firm that provides customized investment banking solutions for middle-market companies. The firm’s founding partners collectively have more than 100 years of experience and have directly executed more than 400 transactions and managed more than 1,200 transactions.

For more information, visit www.wesrespartners.com. For additional information, please contact Ralph Della Ratta at (216) 589-9557 or rdellaratta@wesrespartners..com, or Chuck Aquino at (216) 589-9534 or caquino@wesrespartners.com.

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.