SYPRIS SOLUTIONS, INC.
OFFER TO EXCHANGE CERTAIN OUTSTANDING OPTIONS
ISSUES RELATING TO RECEIPT OF NEW SHARES OF STOCK
Part I. Tax Withholding Percentage
Your tax withholding percentage for any New Shares of common stock that you have elected to receive is:
[ Insert Applicable Rate ]%
For any grant of New Shares of stock, you can estimate the tax you would owe as follows:
For example, if you were to receive 100 New Shares (in exchange for one of your Eligible Grants), your tax
withholding obligation for that grant would be [ Insert calculated result ] if the Estimated Value of Sypris stock
were $5.00 per share, because 100 x $5.00 x [ Insert Applicable Rate ] = [ Insert calculated result ]. To
estimate your total tax withholding obligation, you should perform this calculation by including each Eligible Grant
that you choose to exchange for New Shares.
Please use this form to elect which method you will use to meet your required tax withholding obligation. We will
automatically withhold sufficient New Shares to pay the withholding obligation if you do not provide
your preference by May 12, 2008.
[ ] I will pay with a check [ ] Please withhold sufficient shares to pay for the
Note: We must receive your check for the required tax withholding amount by 5:00pm ET on May 16, 2008, if
not we will automatically withhold wages from your next pay check to meet the tax obligation.
Part II. Preferred Form of Stock Ownership
Please use this form to designate the manner in which you wish to receive any New Shares of stock. If you do
not designate any preference by May 12, 2008, you will automatically receive an original share certificate.
[ ] Please send an original share certificate to my home address below: