X0202 4 2008-05-30 1 0000003952 ALLIED DEFENSE GROUP INC ADG 0001295984 Pirate Capital LLC 200 CONNECTICUT AVENUE NORWALK CT 06854 0 0 1 0 0001333606 Hudson Thomas R Jr 200 CONNECTICUT AVENUE NORWALK CT 06854 0 0 1 0 common stock 2008-05-30 4 J 0 1073235 0 D 97126 I See footnote 1 common stock 4681 D The securities beneficially owned by the Reporting Persons are held directly by Jolly Roger Fund LP, a limited partnership for which Pirate Capital LLC ("Pirate") serves as general partner, and Jolly Roger Activist Portfolio Company LTD, an investment fund for which Pirate serves as investment advisor (collectively, the "Funds"). Pirate is deemed to be the indirect beneficial owner of the securities reported herein by reason of its position as general partner or investment advisor, as applicable, of the Funds, and may be deemed to hold a fractional pecuniary interest in such shares. Thomas R. Hudson Jr., as the sole Manager of Pirate, is also deemed to be the indirect beneficial owner of such securities. The Reporting Persons disclaim beneficial ownership of any and all such securities in excess of their actual pecuniary interest, if any. The securities are held directly by Thomas R. Hudson Jr. Distributions to holders in the Jolly Roger Activist Fund LP and Jolly Roger Activist Fund LTD of their pro rata ownership through the funds of shares of common stock of The Allied Defense Group, Inc. /s/ Pirate Capital LLC, by Thomas R. Hudson Jr. its Portfolio Manager 2008-05-30 /s/ Thomas R. Hudson Jr. 2008-05-30