Detroit, Michigan – American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (AAM) announced that yesterday, after the markets closed, it priced a follow-on offering of 3,000,000 shares of common stock by AAM and 4,500,000 shares of common stock by Blackstone Capital Partners II Merchant Banking Fund L.P. at a price of $20.50 per share, before underwriting discounts and commissions. The underwriters have an option to purchase an additional 1,125,000 shares to cover over-allotments.

The offering was lead managed by Merrill Lynch & Co. and Morgan Stanley. The co-managers were Credit Suisse First Boston, First Union Securities, Inc. and UBS Warburg.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

AAM is a world leader in the manufacture, engineering, design and validation of driveline systems and related components and modules, chassis systems and forged products for trucks, buses, sport utility vehicles and passenger cars. In addition to its 14 locations in the United States (in Michigan, New York and Ohio), AAM also has offices and facilities in Brazil, England, Germany, Japan, Mexico and Scotland.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the company’s plans, projections or future performance, the occurrence of which involve risks and uncertainties that could cause the company’s actual results or plans to differ materially from those expected by the company which include risk factors described in the company’s filings with the Securities and Exchange Commission.