LEXINGTON PRECISION CORPORATION
                                767 THIRD AVENUE
                               NEW YORK, NY 10017


FOR IMMEDIATE RELEASE

LEXINGTON PRECISION EXTENDS EXCHANGE OFFER

NEW YORK, August 7, 2002 - Lexington Precision Corporation (OTC: LEXP) announced
today that it is extending the expiration date of its offer to exchange for its
12 3/4% Senior Subordinated Notes due February 1, 2000, units consisting of 11
1/2% Senior Subordinated Notes due August 1, 2007 and warrants to purchase
common stock. The offer, which was scheduled to expire at 12 midnight, New York
City Time, on August 7, 2002, is now scheduled to expire at 12 midnight, New
York City Time, on August 30, 2002, unless further extended.

Lexington Precision Corporation manufactures rubber and metal components that
are used primarily by manufacturers of automobiles, automotive replacement
parts, and medical devices.

Contact:  Warren Delano (212) 319-4657