Daewoo Sales Up 7% Over Last Month; February Sales Report 2002

COMPTON, Calif., March 1 -- D. J. Lee, President and CEO of Daewoo Motor America, stated, ``We are pleased with our 7% sales increase in February. Our dealers are once again focused on Daewoo sales opportunities driven by our enhanced marketing programs, our recently announced 100,000 mile Powertrain Warranty, and the price, value and quality of the Daewoo products. We anticipate continued retail sales improvement associated with renewed confidence in Daewoo's positive future in the U.S. market.''

                          February        YTD         February        YTD
                            2001          2001          2002          2002

     Leganza                2313          4287          1255          3815
     Nubira                 1548          3058          2499          3950
     Lanos                  1452          3071          1608          2606
        Total               5313         10416          5362         10371

Daewoo Motor America, Inc. is based in Compton, CA and is the U.S. subsidiary of Daewoo Motor headquartered in Seoul, Korea. Daewoo Motor America currently sells the subcompact Lanos, the compact Nubira and the mid size luxury sedan Leganza through an expanding network of independent dealerships nationwide.