Lear Receives Informal SEC Inquiry

SOUTHFIELD, Mich., Jan. 20, 2004 -- Lear Corporation today announced that the U.S. Securities and Exchange Commission (SEC) has commenced an informal inquiry into the Company's September 2002 amendment of its 2001 Form 10-K. The amendment was filed to report Lear's employment of relatives of certain of its directors and officers and certain related-party transactions.

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In connection with the informal inquiry, the Company has received a request from the SEC to voluntarily produce documents and other relevant information concerning these matters. The SEC has advised the Company that the inquiry should not be construed as an indication by the Commission or its staff that any violations of law have occurred, or as an adverse reflection upon any person or security. Lear intends to cooperate fully with the inquiry.

Lear Corporation, a Fortune 500 company headquartered in Southfield, Mich., USA, focuses on integrating complete automotive interiors, including seat systems, interior trim and electrical systems. Lear is the world's largest automotive interior supplier. The company's world-class products are designed, engineered and manufactured by over 115,000 employees in more than 280 facilities located in 33 countries. Further information about Lear and its products is available on the Internet at www.lear.com .

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