DYNAMIC MATERIALS CORPORATION TO REDEEM
                        PREFERRED STOCK PURCHASE RIGHTS


For Immediate Release

Wednesday, June 21, 2000

Contact:  Richard A. Santa                    Mark W. Jarman
          Chief Financial Officer             VP of Corporate Development
          Dynamic Materials Corporation       Dynamic Materials Corporation
          303-604-3938                        303-604-3923


Lafayette,  CO -- The  Board  of  Directors  of  Dynamic Materials  Corporation,
(Nasdaq:  BOOM),  'DMC', today announced that it has approved a redemption under
the  Rights  Agreement  dated as of  January  8,  1999,  as amended by the First
Amendment to Rights  Agreement,  dated June 13, 2000 (the  "Plan")  after having
determined  that a termination  of the Plan is in the best  interests of DMC and
its  stockholders.  DMC will redeem all  outstanding  Preferred  Stock  Purchase
Rights  issued in  respect  of the DMC  Common  Stock.  The  redemption  will be
effective as of June 14, 2000, for $0.001 per share, which redemption price will
be  payable to  stockholders  of record on that  date.  DMC  intends to mail the
redemption  payment to stockholders on or about June 23, 2000.  Please note that
the Company will only  automatically  distribute payment of the redemption price
of $.001 per share to  stockholders  of fewer than one thousand  shares (a value
which  would be equal to or less than  $1.00),  upon  written  request  for such
payment to the Company's  Secretary,  Vice President of Finance and CFO, Richard
A. Santa, at 551 Aspen Ridge Drive, Lafayette, Colorado 80026.

Based in Lafayette,  Colorado,  Dynamic Materials Corporation is a leader in the
metal working industry.  Its products include explosion bonded clad metal plates
for the petrochemical and chemical processing  industries,  as well as precision
machined parts and other metal  fabrications for the  satellite/launch  vehicle,
military/defense, electronics, medical, and a variety of other industries.

              For more information on Dynamic Materials Corporation
         visit the Company's web site at http://www.dynamicmaterials.com

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