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LSB INDUSTRIES, INC. ANNOUNCES COMPLETION OF AGREEMENT AND RECEIPT OF $14.1 MILLION

 OKLAHOMA CITY, April 1 /PRNewswire/ -- LSB Industries, Inc. (AMEX: LSB), today announced that its subsidiary, Equity Bank for Savings, F.A. ("Equity"), has completed an agreement with Resolution Trust Corporation ("RTC") terminating the assistance agreement that was entered into when Equity acquired Arrowhead Federal Savings and Loan Association in 1988.
 Under the termination agreement, Equity today received from RTC approximately $14.1 million. The termination agreement eliminates RTC's coverage on approximately $33 million of assets owned by Equity. The termination agreement also cancels Equity's obligations under the assistance agreement, including canceling Equity's obligation to pay it the first $1.0 million earnings as defined, canceling Equity's obligation to pay RTC 10 percent of Equity's earnings for the first ten years, and canceling Equity's obligation to pay RTC $12.0 million for Equity's tax loss over the same period.
 Equity believes that it has established adequate reserves on the assets coming out of coverage. Jack E. Golsen, board chairman of the company, stated that the recording of the termination agreement is not anticipated to have any effect on total stockholders' equity or income.
 LSB is a diversified company engaged in a variety of manufacturing, engineering, marketing and financial service activities on a worldwide basis. LSB's principal business activities consist of the manufacture and sale of chemical products, commercial and residential air conditioning products, automotive and industrial products and the financial services business. LSB's common stock and debentures are listed for trading on the American Stock Exchange.
 -0- 4/1/93
 /CONTACT: Tony M. Shelby, chief financial officer of LSB, 405-235-4546/
 (LSB)


CO: LSB Industries, Inc.; Equity Bank for Savings, F.A.;
 Resolution Trust Corporation ST: Oklahoma IN: FIN SU:


GK -- NY021 -- 1894 04/01/93 09:24 EST
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Date:Apr 1, 1993
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