SL Industries, Inc.
OFFER TO PURCHASE
for Not More Than $20,000,000 in Cash
up to 1,538,461 Shares of its Common Stock
at a Purchase Price Not Greater Than $14.50
Nor Less Than $13.00 Per Share
SL Industries, Inc.
THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00
MIDNIGHT, NEW YORK CITY TIME, ON OCTOBER 13, 2010, UNLESS SL INDUSTRIES, INC.
EXTENDS THE OFFER.
SL Industries, Inc., a New Jersey corporation (the “Company,” “we,” “our” or “us”), is offering to
purchase for cash up to 1,538,461 shares of its common stock, par value $0.20 per share, at a price not greater
than $14.50 per share nor less than $13.00 per share upon the terms and subject to the conditions set forth in this
document and the related letter of transmittal (which together, as they may be amended and supplemented from
time to time, constitute the “Offer”). On the terms and subject to the conditions of the Offer, we will determine
the single per share price, not greater than $14.50 nor less than $13.00, net to you in cash, less applicable
withholding taxes and without interest, that we will pay for shares properly tendered and not properly withdrawn
in the Offer, taking into account the total number of shares so tendered and the prices specified by the tendering
stockholders. We will select the lowest purchase price (in multiples of $0.25) within the price range specified
above (such price per share, the “Purchase Price”) that will allow us to purchase the maximum number of shares
having an aggregate purchase price not exceeding $20 million, or such fewer number of shares as are properly
tendered and not properly withdrawn. We will purchase all shares properly tendered and not properly
withdrawn at prices equal to or below the Purchase Price and on the terms and subject to the conditions of the
Offer, including the odd lot, conditional tender and proration provisions. We reserve the right, in our sole
discretion, to purchase more than suc