Dura Automotive Announces Dividend on Trust Preferred Securities

    ROCHESTER HILLS--Nov. 29, 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 December 31, 2002, to stockholders of record on December 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 seating control systems, engineered assemblies, structural door modules and integrated glass systems for the global automotive industry. The company is also a leading supplier of similar products to the North American recreation vehicle and mass transit market. DURA sells its automotive products to every North American, Japanese and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA's operating headquarters is in Rochester Hills, Mich., and its corporate offices are in Minneapolis, Minn. Information about DURA and its products are available on the Internet at www.duraauto.com.