Stoneridge Announces Closing of Secondary Offering

Stoneridge, Inc. SRI announced today the closing on November 8, 2010 by shareholders affiliated with the Draime family (the "Selling Shareholders") in an underwritten secondary public offering of the sale of 10,173,285 Company Common Shares at $10.75 per Common Share, less underwriting commissions and discounts. The Company did not receive any proceeds from the offering. Credit Suisse was the sole underwriter of the offering on behalf of the Selling Shareholders.