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Sturm, Ruger & Company, Inc. Updates Status of Annual Report Filing

As previously announced on March 14, 2006, Sturm, Ruger & Company, Inc. (NYSE-RGR) did not timely file its Annual Report on Form 10-K for the year ended December 31, 2005, as required by the U.S. Securities and Exchange Commission. The delay in filing is due to the Company's restatement of its financial statements as of and for the year ended December 31, 2004. As a result of this restatement, previously reported 2004 net income is expected to increase by approximately $0.02 per share.

The Annual Report on Form 10-K for the year ended December 31, 2005 has been prepared, and is currently under review. The ultimate timing of its filing is primarily dependent on the completion of the audit of the restated financial statements as of and for the year ended December 31, 2004 by KPMG LLP, the Company's former auditor. As of the date hereof, KPMG LLP has not provided a firm date of completion. However, the Company hopes to file the Annual Report on Form 10-K for the year ended December 31, 2005 on or before April 30, 2006.