Tower Automotive Announces Dividend on Trust Convertible Preferred Securities

    GRAND RAPIDS, Mich., March 1 Tower Automotive, Inc. , announced today that a dividend of
$0.84 per share will be paid on the 6 3/4% trust convertible preferred
securities issued by the Tower Automotive Capital Trust.  The dividend will be
payable on March 31, 2001, to stockholders of record on March 15, 2001.  The
dividend will be paid on 5,175,000 shares outstanding.
    Tower Automotive, Inc., produces a broad range of assemblies and modules
for vehicle structures and suspension systems for automotive manufacturers,
including Ford, DaimlerChrysler, GM, Honda, Toyota, Nissan, Auto Alliance,
Fiat, Kia, Hyundai, BMW and Volkswagen.  Products include body structural
assemblies such as pillars and package trays, control arms, suspension links,
engine cradles and full frame assemblies.  The company is based in Grand
Rapids, Mich., and has its corporate office in Minneapolis, Minn.