Dura Automotive Announces Dividend On Trust Preferred Securities

    ROCHESTER HILLS, Mich.--June 1, 2001--Dura Automotive Systems, Inc. , today announced that a quarterly dividend of $0.47 per share will be paid on the 7 1/2% convertible trust preferred securities issued by the Dura Automotive Capital Trust. The dividend will be payable on June 30, 2001, to stockholders of record on June 15, 2001. The dividend will be paid on 2,210,000 shares outstanding. The convertible trust preferred securities are traded on the Nasdaq National Market under the symbol DRRAP.
    Dura Automotive Systems, Inc., is the world's largest independent designer and manufacturer of cockpit sub-systems and a leading global supplier of door modules, seat mechanisms and structures, glass systems and engineered assemblies for the global automotive industry. The company is also a leading supplier of similar products to the North American recreational vehicle and mass transit market. The company's products include door modules, parking brake systems, automotive cables, transmission shifter systems, encapsulated and sliding windows, window regulators, hinges, latches, seating systems, engine control products, underbody tire carriers, jacks, brake, clutch and accelerator pedals and other mechanical assemblies. The company's products are sold to every North American, European and Japanese original equipment manufacturers, including Ford, General Motors, DaimlerChrysler, Volkswagen, BMW, Toyota, Honda, Nissan, PSA (Peugeot and Citroen) and Renault. Dura's operating headquarters is in Rochester Hills, Mich., and its corporate office is in Minneapolis, Minn.