Decoma announces bid to acquire Peguform France's fascia operations

    CONCORD, ON, Jan. 31 -- Decoma International Inc.
(TSX:DEC.A; NASDAQ:DECA) today announced that it has submitted an initial bid
to the Official Receivers of Peguform France S.A.S. ("Peguform") to purchase
the fascia manufacturing business and fixed and intangible assets of Peguform
located in France for an aggregate asset purchase price of Euro 6 million. In
addition to the above asset purchase price, Decoma's bid provides for the
purchase of Peguform's work-in-progress, raw materials and finished goods
inventory, for an amount not to exceed Euro 4 million. Peguform operates four
manufacturing facilities in France and employs approximately 1,350 employees.
Peguform had sales of approximately Euro 160 million for the year ending
December 31, 2002 and its principal customers are PSA and Renault.
    Decoma anticipates that there will be a number of competing bidders for
these assets during the course of the insolvency proceedings and its offer is
subject to a number of conditions, including the completion of final due
diligence and regulatory and board approvals. As such, Decoma is unable to
assess at this time the likelihood of the success of its bid.
    Decoma designs, engineers and manufactures automotive exterior components
and systems which include fascias (bumpers), front and rear end modules,
plastic body panels, roof modules, exterior trim components, sealing and
greenhouse systems and lighting components for cars and light trucks
(including sport utility vehicles and mini-vans). Decoma has approximately
14,000 employees in 41 manufacturing, engineering and product development
facilities in Canada, the United States, Mexico, Germany, Belgium, England,
Japan, France and the Czech Republic.
    This press release contains "forward looking statements" within the
meaning of applicable securities legislation. Such statements involve
important risks and uncertainties that may cause actual results or anticipated
events to be materially different from those expressed or implied herein.
These factors include, but are not limited to, risks relating to the
automotive industry, pricing concessions and cost absorptions, reliance on
major OEM customers, production volumes and product mix, currency exposure,
environmental matters, new facilities, trade and labour relations,
technological developments by the Company's competitors, government and
regulatory policies, changes in the competitive environment in which the
Company operates and the Company's ability to raise necessary financing. In
this regard, readers are referred to the Company's Annual Information Form for
the year ended December 31, 2001, filed with the Canadian securities
commissions and as an annual report on Form 40-F with the United States
Securities and Exchange Commission, and subsequent public filings, including
Management's Discussion and Analysis of Results of Operations and Financial
Position for the year ended December 31, 2001, contained in the 2001 Annual
Report.
    For further information about this press please, please contact S.
Randall Smallbone, Executive Vice-President, Finance and Chief Financial
Officer of Decoma at (905) 669-2888 or (905) 760-3203.
    For further information