Tower Automotive Chief Financial Officer Resigns

GRAND RAPIDS, Mich.--Aug. 1, 20033, 2003--Tower Automotive, Inc. today announced that Ernie Thomas has resigned, effective today, as chief financial officer of the company.

Thomas joined Tower as CFO in November 2002.

"We appreciate the contributions that Ernie has made during his time with us," said Dug Campbell, president and chief executive officer of Tower Automotive. "He has given us a strong balance sheet focus from an operations perspective, and we wish him well in his future endeavors. We believe the depth of our current finance team is sufficient to manage during this transition."

The company has launched a search for a successor for Thomas.

Tower Automotive, Inc., is a global designer and producer of vehicle structural components and assemblies used by every major automotive original manufacturer, including Ford, DaimlerChrysler, GM, Honda, Toyota, Nissan, Fiat, Hyundai/Kia, BMW, and Volkswagen Group. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The company is based in Grand Rapids, Michigan. Additional company information is available at www.towerautomotive.com.