Tower Automotive Announces Dividend On Trust Convertible Preferred Securities

    GRAND RAPIDS, Mich.--March 1, 2002--Tower Automotive, Inc. , today announced 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, 2002, to stockholders of record on March 15, 2002. 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 original equipment manufacturers of automobiles 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.