STEELTON BANCORP INC

election_required = True...y any "odd lot holder" (as defined below) who: o tenders all shares owned (beneficially or of record) by the odd lot holder at a price equal to or below the purchase price (tenders of less than all the shares owned will not qualify for this preference); and o completes the section entitled "Odd Lots" in the letter of transmittal and, if applicable, in the notice of guaranteed delivery; and o Second, after the purchase of all the shares properly tendered by odd lot holders and subject to the conditional tender procedures described under "The Offer - 5. Conditional Tender Procedures," all other shares properly tendered at prices equal to or below the purchase pric...

expiry = 2001-08-16...CORP, INC. 51 South Front Street Steelton, Pennsylvania 17113 OFFER TO PURCHASE FOR CASH UP TO 90,000 SHARES OF COMMON STOCK OF STEELTON BANCORP, INC. OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHARES WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON THURSDAY, AUGUST 16, 2001, UNLESS THE OFFER IS EXTENDED. WE MAY EXTEND THE OFFER PERIOD AT ANY TIME. STEELTON BANCORP, INC. IS: o offering to purchase up to 90,000 shares of our common stock in a tender offer, and o offering to purchase these shares at a price not...

mechanism = DUTCH...90,000 shares of our outstanding SHARES? common stock. See "The Offer - 9. Information About Us and the Shares." WHAT IS THE PURCHASE The price range for our offer is $14.25 to $16.25. PRICE? We are conducting the offer through a procedure commonly called a "modified Dutch Auction." This procedure allows you to choose a price within this price range at which you are willing to sell your shares. We will look at the prices chosen by shareholders for all of the shares properly tendered. We will then select the lowest price that will allow us to buy up to 90,000 shares. If a lesser number of shares is tendered, we wil...

must_tender_all = True...ASE? tendered at or below the selected purchase price, we will purchase shares based on the following order of priority: o First, we will purchase shares from all holders of "odd lots" of less than 100 shares (not including any shares held in our 401(k) plan) who properly tender all of their shares at prices equal to or below the selected price. o Second, we will purchase shares from all other shareholders who properly tender shares at prices equal to or below the selected price, on a pro rata basis, subject to the conditional tender provisions described under "The Offer - 5. Conditional Tender Procedures." As a result, we will pur...

price = USD 14.25-16.25...re PURCHASE MY offering to purchase up to 90,000 shares of our outstanding SHARES? common stock. See "The Offer - 9. Information About Us and the Shares." WHAT IS THE PURCHASE The price range for our offer is $14.25 to $16.25. PRICE? We are conducting the offer through a procedure commonly called a "modified Dutch Auction." This procedure allows you to choose a price within this price range at which you are willing to sell your shares. We wi...

threshold = 100...to the greater number of shares. ODD LOTS. For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date at prices equal to or below the purchase price and not properly withdrawn by any person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares (not including any shares held in our 401(k) plan) and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. To qualify for this prefer...

txn_type = TENDER_OFFEREX-1 2 ex_a1-071901.txt OFFER TO PURCHASE STEELTON BANCORP, INC. 51 South Front Street Steelton, Pennsylvania 17113 OFFER TO PURCHASE FOR CASH UP TO 90,000 SHARES OF COMMON STOCK OF STEELTON BANCORP, INC. OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHARES WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON THURSDAY, AUGUST 16, 2001, UNLESS THE OFFER IS EXTENDED. WE MAY EXTEND THE OFFER PER...