No. This is a procedure to get the air out of the PS fluid after it has run low,and you add fluid. The best analogy I can think off is when they give you a hypo shot,and point the needle straight up and let the air bubbles rise,then push the the plunger to clear it.It will stop the noise, but not the leak. But my guess is the leak is so minor it may be 12 more years before more fluid is needed.Most PS leaks,in my experience, are insignificant and not Worth $330 on a 1996 car.