AMCAST INDUSTRIAL CORPORATION

NEWS RELEASE



             AMCAST COMPLETES THE SALE OF ITS FLOW CONTROL BUSINESS


DAYTON,  OHIO,  August  2,  2004  -  Amcast  Industrial  Corporation,  (AICO.OB)
announced today that it has completed the sale of most of the assets of its Flow
Control  operation.  The sale was made to a U.S.  subsidiary  of the Dutch group
Aalberts Industries N.V. (Amsterdam: AALB).

The sale  included  the  businesses  of  Elkhart  Plumbing  (Elkhart,  Indiana &
Fayetteville,  Arkansas),  Elkhart  Industrial  (Geneva,  Indiana),  and  Amcast
Industrial Ltd. (Burlington, Ontario).

This asset sale was made in order to comply  with  provisions  of the  Company's
loan agreements. The net proceeds of approximately $54 million will be used to
reduce debt.

Amcast Industrial Corporation is a leading manufacturer of  technology-intensive
metal products.  The remaining businesses include Engineered  Components and Lee
Brass. The company serves the automotive,  construction,  and industrial sectors
of the economy.

Contact--
Media and Investors:  Michael Higgins 937/291-7015