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Sturm, Ruger & Company, Inc. Announces Change in Independent Auditors

Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that effective July 29, 2005, the Company dismissed KPMG LLP and appointed McGladrey & Pullen LLP as its independent auditors.

KPMG's audit reports on the Company's financial statements as of and for the fiscal years ended December 31, 2004 and December 31, 2003 did not contain an adverse opinion, disclaimer of opinion, or qualification or modification as to uncertainty, audit scope, or accounting principles.