Tenneco Automotive Successfully Completes Exchange Offer for Its 10.25% Senior Secured Notes

LAKE FOREST, Ill., Oct. 24, 2003 -- Tenneco Automotive announced today that it has completed its offer to exchange up to $350 million principal amount of 10.25% Senior Secured Notes due 2013, which have been registered under the Securities Act of 1933, for a like amount of its existing 10.25% Senior Secured Notes due 2013, which were issued on June 19, 2003 in a private placement.

Tenneco Automotive received valid tenders for exchange from holders of 100% of the original notes. The terms of the new notes are substantially identical to the terms of the original notes for which they were exchanged, except that the transfer restrictions and registration rights applicable to the original notes generally do not apply to the new notes.

Tenneco Automotive is a $3.5 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,600 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe(R) and Walker(R) global brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R) mufflers and DynoMax(R) performance exhaust products, and Monroe(R) Clevite(R) vibration control components.