Continental to Supply Electronics Components for Mercedes-Benz

AUBURN HILLS, Mich., April 10 -- The Continental Temic electronics business of Continental Teves, a unit of Continental AG, announced today that it has been awarded a contract to supply components to Mercedes- Benz.

The contract calls for Continental to produce electric fans for 2004 model year Mercedes-Benz sport utility vehicles.

"We are pleased to have earned this award from Mercedes-Benz," said Bill Kozyra, president and CEO, Continental Teves North America. "Electronics is a high-growth segment within the automotive industry, and our Temic business continues to grow as a result of our ability to design, engineer and deliver technologically advanced solutions that provide consumers with increased comfort and convenience."

Continental Teves, headquartered in Frankfurt/Main Germany, is a unit of Continental AG, Hanover, Germany. With 2002 sales of approximately $12 billion (US), the Continental Corporation is a major supplier of brake systems, chassis components, vehicle electronics, tires and technical rubber products. Continental Teves' North American operation is headquartered in Auburn Hills, Mich. For additional information, visit these websites: www.conti-online.com and www.contitevesna.com .