Kelsey-Hayes to Close Fremont, Ohio Plant

FREMONT, Ohio, April 7 -- TRW Automotive's Kelsey- Hayes subsidiary announced today its decision to close its Kingsway manufacturing facility by December 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO )

The facility has 270 employees and machines brake rotors for the automotive industry. Plans are to consolidate Kingsway plant operations into other existing company facilities in North and South America.

"We do not currently have the volume of business to support Kingsway's manufacturing capacity, and pricing and competitive pressures have compounded the situation," said Ron Muckley, vice president of operations for TRW's braking and suspension business in North America. "With the pressures on the industry, difficult decisions must be made to decrease excess capacity and reduce costs," Muckley explained.

Company officials met today with employees to announce the planned closure and to assure affected employees that it intends to assist in helping prepare them for future employment and provide assistance during the transition.

The Kelsey-Hayes Kingsway Plant in Ohio is part of TRW Automotive. With 2004 sales of $12.0 billion, TRW Automotive ranks among the world's top 10 automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 60,000 people in 24 countries. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at http://www.trwauto.com/ .

Forward-Looking Statements

This release contains statements that are not statements of historical fact, but instead are forward-looking statements. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in our Report on Form 10-K for the fiscal year ended December 31, 2004 (the "10K"), and include: escalating pricing pressures from our customers; severe inflationary pressures impacting the ferrous metals market; our substantial leverage; interest rate risk arising from our variable rate indebtedness; the highly competitive automotive parts industry and its cyclicality; non-performance by, or insolvency of, our suppliers; product liability and warranty and recall claims; our dependence on our largest customers; loss of market share by domestic vehicle manufacturers; limitations on flexibility in operating our business contained in our debt agreements; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; work stoppages or other labor issues and other risks and uncertainties set forth under "Risk Factors" in the Prospectus, in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

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