Edward J. Kernaghan Acquires 357,500 shares of Wescast Industries Inc.

    TORONTO, Sept. 4 /CNW/ - In accordance with regulatory requirements,
Edward J. Kernaghan announced that on September 3, 2008 he acquired ownership
of 357,500 class A shares of Wescast Industries Inc. representing 6.21% of the
class A shares of Wescast. Mr. Kernaghan now holds 467,000 class A shares of
Wescast or 8.1% of the total outstanding and, together with his joint actors,
namely Kernwood Limited, Alice G. Kernaghan, Edward H. Kernaghan and Kernaghan
Securities Ltd, Mr. Kernaghan holds an aggregate of 1,396,300 class A shares
of Wescast representing approximately 24.2% of the class A shares of Wescast.
341,500 of the class A shares acquired by Mr. Kernaghan on September 3, 2008
were acquired pursuant to an exemption from the takeover bid requirements
under applicable securities laws. All purchases of class A shares of Wescast
were made through the facilities of the Toronto Stock Exchange.
    The class A shares of Wescast were acquired by Edward J. Kernaghan and
his joint actors for investment purposes only. Mr. Kernaghan, or his joint
actors, may from time to time acquire additional class A shares of Wescast,
dispose of some or all of the existing or additional shares of Wescast, or
continue to hold the shares of Wescast in the normal course of his investment

For further information:

For further information: Edward J. Kernaghan, Kernwood Limited, P.O. Box
97, Royal Bank Plaza, South Tower, 200 Bay Street, Toronto, Ontario, M5J 2J2

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