Correcting figure in headline and 1st graf, replacing 6th graf and correcting contact in BW1157, (JOHNSTOWN-AMER/TRUCK-COMP).

CHICAGO--(BUSINESS WIRE)--June 29, 1995--In BW1157 (JOHNSTOWN-AMER/TRUCK-COMP) Johnstown America Industries, Inc.'s Subsidiary, JTN Acquisition Corp., Commences Cash Tender Offer..., in headline and first graf, 4th line, read it: Series B 12-1/4% Senior Notes (sted Series B 12,%)

Also, 6th graf should be replaced to read: Chemical Securities Inc. is acting as dealer manager and solicitation agent for the tender offer and consent solicitation. Questions and requests for assistance should be directed to Chemical Mellon Shareholder Services, which is acting as information agent, at 800-648-8169.

Finally, contact should read: Chemical Mellon Shareholder Services, 800-648-8169.

A corrected version follows:

JOHNSTOWN AMERICA INDUSTRIES, INC.'S SUBSIDIARY, JTN ACQUISITION CORP., COMMENCES CASH TENDER OFFER AND CONSENT SOLICITATION FOR SERIES B 12-1/4% SENIOR NOTES OF TRUCK COMPONENTS INC. FOR TOTAL PRICE OF $1,100 PER $1,000 PRINCIPAL

Business Editors

CHICAGO--(BUSINESS WIRE)--June 29, 1995--Johnstown America Industries, Inc. (NASDAQ:JAII) today announced that its wholly-owned subsidiary, JTN Acquisition Corp., has commenced a cash tender offer and consent solicitation for the Series B 12-1/4% Senior Notes due June 30, 2001 of Truck Components Inc. (the "Notes"). The tender offer and the consent solicitation is being made in connection with the previously announced merger agreement pursuant to which Johnstown America Industries, Inc. will acquire all of the outstanding shares of common stock of Truck Components Inc. (NASDAQ:TRCK) at a price of $16.00 per share in cash.

In its cash tender offer, JTN Acquisition Corp. is offering to buy any and all of the Notes at a price of $1,080 per $1,000 principal amount, plus accrued interest through the payment date, if any.

In connection with the tender offer, JTN Acquisition Corp. also is soliciting consents to amend certain provisions of the indenture governing the Notes and offering a cash payment to each consenting holder of $20 for each $1,000 principal amount of Notes with respect to which valid consents are delivered. Tenders of Notes will not be accepted unless the tendering holder also consents to the proposed amendments to the indenture.

The terms of the tender offer and the consent solicitation are contained in an Offer to Purchase and a Consent Solicitation and related consent and letter of transmittal. The tender offer and the consent solicitation is conditioned upon, among other things, (i) there having been validly tendered and not withdrawn prior to the expiration date a majority of the aggregate outstanding principal amount of the Notes, (ii) receipt by JTN Acquisition Corp. of consents from holders of a majority of the aggregate outstanding principal amount of the Notes and (iii) the consummation of the proposed merger between Truck Components Inc. and JTN Acquisition Corp. pursuant to which Truck Components Inc. will become a wholly-owned subsidiary of Johnstown America Industries, Inc. The effectiveness of such merger is subject to certain conditions, including, among others, the merger being authorized by the stockholders of Truck Components Inc., the receipt of any required third party and governmental consents to the transaction and sufficient financing having been obtained by Johnstown America Industries, Inc.

The tender offer and the consent solicitation will expire at 11:59 p.m., New York City time, on July 27, 1995, unless extended.

Chemical Securities Inc. is acting as dealer manager and solicitation agent for the tender offer and consent solicitation. Questions and requests for assistance should be directed to Chemical Mellon Shareholder Services, which is acting as information agent, at 800-648-8169.

Johnstown America Industries, Inc., headquartered in Chicago, Illinois, has four operating units: Johnstown America Corporation, Johnstown, Pennsylvania, a leading manufacturer of railroad freight cars that are used principally for hauling coal, intermodal containers, highway trailers and agricultural and mining products; JAIX Leasing Company, a lessor of new and used railcars; Freight Car Services, Inc., Danville, Illinois, a repairer and rebuilder of railcars; and Bostrom Seating, Inc., Piedmont, Alabama, the leading manufacturer of suspension and static seating for the heavy truck market.

CONTACT: Andrew M. Weller

Executive Vice President

and Chief Financial Officer

Johnstown America Industries, Inc.

312-280-8844

or

Chemical Mellon Shareholder Services

800-648-8169