Superior Industries Announces 10% Increase in Cash Dividend; 20th Consecutive Year of Dividend Increases

    VAN NUYS, Calif.--May 9, 2003--Superior Industries International, Inc. announced today that its Board of Directors has declared a 10% increase in the company's quarterly cash dividend, to $0.1375 per share, or $0.55 annually. The new, higher dividend is payable on July 18, 2003 to shareholders of record on July 3, 2003.
    "Superior's cash dividend now has increased each year for twenty consecutive years," said Chairman and Chief Executive Officer Louis Borick at today's annual meeting of shareholders. "We are proud of this accomplishment, and pleased to reward our loyal shareholders with a higher cash payout again this year. The steady expansion of Superior's operating platform both domestically and internationally is opening up attractive new growth opportunities for us in both aluminum wheels and aluminum suspension components, so we expect to continue delivering value to our shareholders in the years to come."

    About Superior Industries

    Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen. For additional information, visit Superior's Web site at www.supind.com.

    Forward-Looking Statements

    This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.