EXHIBIT 99.1 LEXINGTON PRECISION CORPORATION 767 THIRD AVENUE NEW YORK, NY 10017 FOR IMMEDIATE RELEASE - --------------------- LEXINGTON PRECISION EXTENDS EXCHANGE OFFER NEW YORK, December 12, 2003 - Lexington Precision Corporation (OTC: LEXP) announced today that it is extending the expiration date of its offer to exchange for its 12 3/4% Senior Subordinated Notes due February 1, 2000, units consisting of 12% Senior Subordinated Notes due August 1, 2009, and warrants to purchase common stock. The offer, which was scheduled to expire at 5:00 p.m., New York City Time, on December 12, 2003, is now scheduled to expire at 5:00 p.m., New York City Time, on December 15, 2003, unless further extended. Lexington Precision Corporation manufactures rubber and metal components that are used primarily by manufacturers of automobiles, automotive replacement parts, and medical devices. Contact: Warren Delano (212) 319-4657