DRI Acquisition Completes Tender Offer for Delco Remy Class A Stock

    WILMINGTON, Del., Feb. 26 DRI Acquisition LLC, a subsidiary of 
Court Square Capital Limited, and Delco Remy International, Inc., announced today
that DRI Acquisition has accepted for purchase and payment all shares of Delco
Remy Class A common stock not currently owned by Court Square at $9.50 per
share, net to the seller in cash, which were validly tendered and not
withdrawn as of the expiration of its tender offer at 12:00 midnight, New York
City time, on February 23, 2001.  DRI Acquisition stated that approximately
9,716,135 shares of Delco Remy Class A common stock were validly tendered
pursuant to the tender offer and not withdrawn.  When combined with shares
already owned, Court Square and/or DRI Acquisition will hold 90.2% of the
outstanding shares of Class A common stock immediately prior to consummation
of the merger of DRI Acquisition with and into Delco Remy.

    Those Delco Remy stockholders who did not tender, and who do not seek
appraisal of their shares, will have their shares converted into $9.50 per
share net to each stockholder in cash.  Court Square currently expects to
complete a short-form merger by the end of next week.