Superior Industries Increases Quarterly Cash Dividend by 13.6%; New Annual Cash Payout of $0.50 Per Share Marks 19th Consecutive Year of Higher Dividends

    VAN NUYS, Calif.--May 10, 2002--"Demonstrating our confidence in Superior's continued growth, and our commitment to building value for our shareholders, the Board of Directors of Superior Industries International, Inc. is pleased to declare a 13.6% increase in the quarterly cash dividend to $0.125 per share," Chairman and President Louis Borick announced at today's annual meeting of shareholders.
    "In 2001, Superior set a new record for unit wheel shipments, continued to expand market share with many important program wins, entered a significant new growth market with the launch of commercial production of aluminum suspension components, and completed an ambitious capacity expansion program. In 2002, we will benefit from a strong book of orders, expanded manufacturing capacity, state-of-the-art technology at all of our facilities, and a seasoned team of employees dedicated to continuing to provide the highest quality products to our customers around the world. We expect to extend our record of success this year and, for the nineteenth consecutive year, we are proud to reward our shareholders for their support," Borick said.
    The new, higher quarterly cash dividend will commence on July 19, 2002 for shareholders of record on July 3, 2002.

    About Superior Industries

    Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, BMW, Volkswagen, Audi, Land Rover, MG Rover, Toyota, Mazda, Mitsubishi, Nissan and Isuzu. For additional information, visit Superior's Web site at www.supind.com.

    Forward-Looking Statements

    This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.