Dura Automotive Announces Dividend on Trust Preferred Securities

    ROCHESTER HILLS, Mich.--March 1, 2002--Dura Automotive Systems, Inc. , announced today 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 April 1, 2002, to stockholders of record on March 15, 2002. 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 driver control 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. Dura supplies every North American, European and Japanese original equipment manufacturer. Dura's operating headquarters is in Rochester Hills, Mich. and its corporate office is in Minneapolis, Minn. Information about Dura and its products is available on the Internet at www.duraauto.com.