CONTACT:

Dee Ann Johnson
(412) 456-4410

                                       FOR IMMEDIATE RELEASE



     PITTSBURGH, PA  January 27, 2005. . . . . On January 25,
2005, Ampco-Pittsburgh Corporation's (NYSE: AP) management and
audit committee determined that the Corporation will restate
its previously issued audited financial statements for the
three years ended December 31, 2003 and the unaudited 2004
interim financial statements.  The previously reported
earnings will improve due to the correction of an
overprovision for income taxes in connection with interest
receivable from its foreign subsidiary.  The Corporation will
file an amended Form 10-K for the year ended December 31, 2003
to include restated financial statements as soon as possible.
The Corporation's management and audit committee discussed
this matter with Deloitte & Touche LLP, the Corporation's
independent registered public accountants, who agreed with
their conclusion.

     The impact is a decrease in the previously reported net
losses for the years ended December 31, 2001 and 2003 in the
amounts of $397,000 and $359,000, respectively, and an
increase in net income of $329,000 for the year ended
December 31, 2002.  Consequently, the previously issued
financial statements for these periods, the accompanying
report of Deloitte & Touche LLP, and the 2004 interim
financial statements should no longer be relied upon.

     The Corporation expects to release 2004 earnings during
the first week of February.





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