Delco Remy International, Inc. Recommends That Stockholders Take No Action with Respect to Tender Offer

    ANDERSON, Ind., Jan. 25 Delco Remy International, Inc.
(the "Company") announced today, that a special committee of its
Board of Directors recommended that holders of its Class A common stock take
no action at this time with respect to a tender offer (the "Offer") by an
affiliate of Citicorp Venture Capital Ltd. ("CVC") to purchase all of the
shares of the Company's Class A common stock not currently owned by affiliates
of CVC, at a price of $8.00 per share in cash.  The special committee's
recommendation was based upon the factors set forth in the Schedule 14D-9
filed by the Company today, including the lack of sufficient time to determine
the fairness of the Offer to the holders of the Company's Class A common
stock.  The special committee will continue to evaluate the terms of the Offer
and expects that it will be able to make a recommendation with respect to the
Offer prior to the termination of the Offer.  The Schedule 14D-9 and other
filed documents will be mailed to holders of the Company's Class A common
stock or can be obtained without charge at the website of the Securities and
Exchange Commission at http://www.sec.gov , or without charge from the
Company.
    The Company, headquartered in Anderson, Indiana (USA), became a public
company in 1997.  The Company designs, manufactures, remanufactures and
distributes electrical, powertrain/drivetrain and related components and
provides core exchange services for automobiles and light trucks, medium- and
heavy-duty trucks and other heavy-duty and industrial applications.  Products
include starter motors, alternators, engines, transmissions, torque
converters, fuel systems and traction control systems.  The Company serves the
aftermarket and original equipment manufacturer market, principally in North
America, as well as Europe, Latin America and Asia Pacific.  More information
is available on the Company web site at http://www.delcoremy.com .
    This press release contains forward-looking statements regarding the Offer
for the Company's Class A common stock described herein.  These statements are
identified by words such as "will," "may," "intends," and other words
referring to events to occur in the future.  The statements are based on
information currently available to the Company and are subject to a variety of
risks and uncertainties, including the Company's further evaluation and
recommendation with respect to the Offer, and alternatives that may be pursued
or other actions that may be undertaken by the Company in response to, or
independent of, the Offer.  Actual events, actions and effects of the Offer
may depend on one or more of these risks and uncertainties and may vary
materially from the future events, actions and effects described in this press
release.  The Company undertakes no obligation to update any forward-looking
statements made in this press release.