Correcting the March 31, 2000 Income -- Loss -- From Continuing Operations Before Extraordinary Items in NS Group Earnings Release Issued April 23.

Business Editors

CORRECTION...by NS Group, Inc.

NEWPORT, Ky.--(BUSINESS WIRE)--April 25, 2001

In BW2344-4/23, (KY-NS-GROUP) Outperforms First Quarter Earnings Expectations, the Income (loss) from continuing operations before extraordinary items line under the March 31, 2000 column should read xxx (8,537) (sted 8,537). This is the only correction.

Entire corrected table follows:

                            NS Group, Inc.
                       Summarized Financial Data
        (In thousands, except per share amounts, tons shipped,
                     selling price and rig count)
                              (Unaudited)

                                          Three Months Ended
                                -------------------------------------
                                 March 31,   December 31,    March 31,
                                     2001           2000         2000
                                 --------       --------     --------

Net sales                       $  82,114      $  73,357    $  90,277

Operating income (loss)           (53,813)(a)     (4,960)        (601)

Income (loss) from continuing
 operations before income taxes
 and extraordinary items          (54,398)        (6,539)      (8,696)

Provision (benefit)
 for income taxes                    --           (2,474)        (159)

Income (loss) from continuing
 operations before
 extraordinary items              (54,398)        (4,065)      (8,537)

Income from discontinued
 operations, net of taxes            --           10,955          306

Income (loss) before
 extraordinary items              (54,398)         6,890       (8,231)

Extraordinary items,
 net of taxes                         (59)           900         --

Net income (loss)                 (54,457)(a)      7,790       (8,231)

Per common share - diluted:
 Income (loss) from
  continuing operations         ($   2.60)     ($   0.19)   ($   0.40)
 Income from discontinued
  operations, net of taxes           --             0.51         0.02
 Extraordinary items,
  net of taxes                       --             0.04         --
                                 --------       --------     --------

     Net income (loss)          ($   2.60)(a)  $    0.36    ($   0.38)
                                 --------       --------     --------
                                 --------       --------     --------

Weighted average
 shares outstanding - diluted:     20,948         21,620       21,515

EBITDA (b)                      $   8,910      $     632    $     187

Product shipments (tons):
     Energy products - welded      74,200         59,000      105,700
                     - seamless    45,000         42,300       37,500
     Industrial products - SBQ     14,000         14,200       42,400

Average selling price per ton:
     Energy products - welded   $     498      $     497    $     416
                     - seamless $     871      $     891    $     754
     Industrial products - SBQ  $     428      $     414    $     414

Average rig count                   1,139          1,076          770


(a) Restructuring charges of $56.2 million were recorded in the
    quarter. Excluding these charges operating income, net income and
    earnings per diluted share would have been $2.4 million, $1.7
    million and $0.08, respectively.

(b) Represents earnings (loss) before net interest expense, taxes,
    depreciation, amortization and restructuring charges and is
    calculated as income (loss) from continuing operations plus net
    interest expense, taxes, depreciation, amortization and
    restructuring charges.

Note: Reclassifications have been made to certain prior period amounts
to conform with the current period's presentation for freight costs.