Cooper Tire & Rubber Company Declares 125th Consecutive Quarterly Dividend

FINDLAY, Ohio, May 7, 2003 -- Cooper Tire & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable June 29, 2003 to stockholders of record at the close of business June 2, 2003. This will mark the 125th consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

"Paying dividends is just one way of returning value to our shareholders, and we have been doing it consistently for over 31 years," said Tom Dattilo, Cooper's chairman, president and chief executive officer. "We are proud of this track record. It is representative of the type of company we are and underscores our focus on delivering and increasing shareholder returns."