The Allied Defense Group Announces Postponement Of Special Meeting Of Stockholders

VIENNA, Va. , April 7 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. (NYSE Amex: ADG) today announced that it has postponed the date of its special meeting of stockholders to approve its pending merger with Chemring Group PLC currently scheduled for April 8, 2010 to April 22, 2010.  

On April 1, 2010, ADG filed a Form 12b-25 indicating that it had determined that it must delay the filing of its Form 10-K for the year ended December 31, 2009.  ADG currently anticipates filing its Form 10-K for the year ended December 31, 2009 no later than April 8, 2010.

As previously disclosed in the proxy statement mailed to stockholders on March 11, 2010, ADG received a subpoena from the U.S. Department of Justice ("DOJ") on January 19, 2010 requesting that ADG produce documents relating to its dealings with foreign governments.  As also previously disclosed, ADG has initiated an internal review of the matters raised by the DOJ's subpoena and the indictment of a former employee of Mecar USA.  The internal review is being conducted by ADG's Audit Committee with the assistance of independent outside counsel.

The special meeting has been postponed in order to provide ADG stockholders with additional time to review the Form 10-K, to provide ADG with additional time to produce documents requested by the subpoena to the DOJ, and to continue the company's internal review. ADG has been providing regular updates to Chemring on the progress of the internal review and expects to continue to cooperate with Chemring with respect to these matters.      

The special meeting is now scheduled to be held at the company's executive offices located at 8000 Towers Crescent Drive, Suite 260, Vienna, Virginia 22182 at 10:00 a.m., local time on April 22, 2010.  The record date for the meeting remains March 10, 2010.

Additional Information and Where to Find It

This communication may be deemed to be a solicitation of proxies from the Company's stockholders in connection with the proposed merger with Chemring.  The Company has filed a definitive proxy statement and relevant documents concerning the proposed merger with the Securities and Exchange Commission ("SEC").  The proxy statement was mailed on or about March 11, 2010 to the stockholders of record of ADG as of March 10, 2010.  Investors and security holders of the Company are urged to read the proxy statement and any other relevant documents filed with the SEC because they contain important information about the Company and the proposed transaction. The proxy statement and any other documents filed by the Company with the SEC may be obtained free of charge at the SEC's web site at www.sec.gov.  In addition, investors and security holders may obtain free copies of the documents filed with the SEC by the Company by contacting Investor Relations, The Allied Defense Group, Inc., 8000 Towers Crescent Drive, Suite 260, Vienna, Virginia 22182, telephone number [phone]. Investors and security holders are urged to read the proxy statement and the other relevant materials before making any voting or investment decision with respect to the proposed transaction.

Safe Harbor for Forward-Looking Statements

This communication, and other statements that the Company may make, including statements about the benefits of the proposed merger, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, with respect to the Company's anticipated financial performance, business prospects and plans and similar matters.  Forward-looking statements are typically identified by words or phrases such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and other words and terms of similar meaning.