Dana Corporation Declares Dividend

TOLEDO, Ohio, July 16-- Dana Corporation today declared a dividend on its common stock of 1 cent per share, payable on Sept. 13, 2002, to shareholders of record on Aug. 30, 2002.

Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company employs approximately 70,000 people worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 34 countries. The company reported sales of $10.3 billion in 2001.