ArvinMeritor Declares Quarterly Dividend on Common Stock

TROY, Mich., April 16 -- ArvinMeritor, Inc. board of directors at a meeting held today in Troy, Mich., declared a quarterly dividend of ten cents ($0.10) per share on the common stock of ArvinMeritor, Inc., payable June 9, 2003, to shareowners of record at the close of business on May 19, 2003.

ArvinMeritor, Inc. is a premier $7-billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. In addition, ArvinMeritor is a leader in coil coating applications. The company is headquartered in Troy, Mich., and employs 32,000 people at more than 150 manufacturing facilities in 27 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com .

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