MERIDIAN AUTOMOTIVE SYSTEMS RECEIVES COURT APPROVAL FOR $75 MILLION DEBTOR-IN-POSSESSION FINANCING FACILITY

DEARBORN, Michigan – June 30, 2005 – Meridian Automotive Systems, Inc. today announced that it has received final approval from the United States Bankruptcy Court for the District of Delaware for a new $75 million debtor-in-possession (DIP) financing facility arranged by Credit Suisse First Boston (CSFB). CSFB is agent and a holder of Meridian’s pre-petition First Lien debt.

The CSFB DIP financing facility replaces the previously announced JPMorgan facility. As previously announced, Meridian cancelled the original JPMorgan facility in light of needed changes to its 2005 operating forecasts. The CSFB facility provides Meridian with a more flexible facility structure and a greater level of operating liquidity than the JPMorgan facility would have. Today's ruling provided final court approval of the entire $75 million facility.

Richard E. Newsted, Meridian’s President, said, “We are pleased to enter into this financing agreement with our First Lien Agent and the consent of all of the key lending constituents, and are gratified by their continued support of Meridian. Today’s court approval marks an important step forward in our restructuring. We believe that this DIP financing facility provides Meridian with ample liquidity to fund our operations while we plan for our efficient exit from bankruptcy.”

About Meridian Automotive Systems, Inc.
Meridian Automotive Systems is a leading supplier of technologically advanced front and rear end modules, lighting, exterior composites, console modules, instrument panels and other interior systems to automobile and truck manufacturers. Meridian operates 22 plants in the United States, Canada and Mexico, supplying Original Equipment Manufacturers and major Tier One parts suppliers.

This news release contains forward-looking statements based on current assumptions and forecasts made by Meridian Automotive Systems management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future consolidated results, financial situation, development or performance of the company, and the estimates given here. The company assumes no liability to update such forward-looking statements or to adapt to future events or development.