AMCAST INDUSTRIAL CORPORATION

NEWS RELEASE




          AMCAST COMPLETES THE SALE OF ITS ALUMINUM COMPONENTS BUSINESS


DAYTON,  OHIO,  August  23,  2004  -  Amcast  Industrial  Corporation  (AICO.OB)
announced  today that it has  completed  the sale of the assets of its  Aluminum
Components  business.  The sale was made to Park-Ohio  Holdings  Corp.  (Nasdaq:
PKOH)

The sale included the operations of the Company's  Wapakoneta,  Ohio;  Richmond,
Indiana and Cedarburg, Wisconsin plants.

Amcast Industrial Corporation is a leading manufacturer of  technology-intensive
metal products.  The remaining businesses include Aluminum Wheels,  Squeeze-Cast
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