McLaren Performance Technologies Names Panzl Vice President and Chief Financial Officer

    LIVONIA, Mich., Feb. 1 Livonia, Mich.-based McLaren
Performance Technologies announced today that it has appointed
Chris J. Panzl as the company's vice president and chief financial officer
(CFO), effective immediately.  In addition, he becomes part of McLaren
Performance Technologies' senior management circle.
    Panzl joins McLaren Performance Technologies with 15 years of experience
in the banking, investment and manufacturing community.
    Most recently he served as vice president and partner for Metropolitan
Capital Group, a commercial and residential lender/broker.
    Prior to this position, he was vice president for M&I Bank in Milwaukee.
Panzl also served as CFO for Uni Boring Co., Inc., an automotive powertrain
component manufacturer.
    "With his unique expertise in strategic planning, mergers and acquisition
analysis and negotiation, and corporate finance, Chris is the perfect fit as
we prepare to rev-up McLaren Performance Technologies," said Steven Rossi,
president and chief executive officer.
    As vice president and CFO, Panzl -- who will be based at the company's
Livonia, Mich. headquarters -- is responsible for managing the company's non-
operations segments, including finance, planning, internal communications,
public and investor relations, human resources, facilities, information
systems, legal activities and non-operations purchasing.  Panzl will also
assist the company's management team in coordinating special projects and
acquisitions.
    Panzl replaces Jacqueline K. Kurtz who recently resigned from her position
as executive vice president - business infrastructure and CFO of the company
to pursue personal interests in other areas.
    A graduate of Grand Valley State University in Allendale, Mich., Panzl is
also a licensed pilot and a member of the U.S. Aerobatic Flying Team.
    Livonia, Mich.-based McLaren Performance Technologies, a publicly traded
company, provides full-service design, development, fabrication, testing,
validation and certification of automotive powertrains and related components,
development and licensing of patented traction systems, as well as complete
vehicle development and prototyping capabilities.  First established as the
engine development company for Bruce McLaren Motor Racing, McLaren Performance
Technologies has been a recognized leader in the Detroit engineering community
for more than 30 years.
    McLaren Performance Technologies, which serves the automotive, racing,
aftermarket and marine industries, has four business units: McLaren Engines,
McLaren Traction, McLaren Vehicle Development and McLaren Manufacturing.
    This release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby.  These statements
include the plans and objectives of management for future operations,
including plans and objectives.  The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive, and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the Company.  Although the
Company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
therefore, can be no assurance that the forward-looking statements included in
this release will prove to be accurate.