TRW Automotive Holdings Corp. Prices Initial Public Offering of Common Stock

LIVONIA, Michigan, February 3 -- TRW Automotive Holdings Corp. announced today that it has priced its initial public offering of 24,137,931 shares of common stock at US$28.00 per share. The common stock will begin trading today on the New York Stock Exchange under the symbol "TRW".

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TRW Automotive Holdings Corp. intends to use the net proceeds from this offering to repurchase a portion of the shares of common stock held by an affiliate of The Blackstone Group L.P. and to repay a portion of each of the senior notes and senior subordinated notes of TRW Automotive Inc., its wholly owned subsidiary.

Goldman, Sachs & Co., Credit Suisse First Boston LLC and J.P. Morgan Securities Inc. are serving as joint book-running managers of the offering. Morgan Stanley & Co. Incorporated is the lead manager and Banc of America Securities LLC, Deutsche Bank Securities Inc., Lazard Freres & Co. LLC, Lehman Brothers Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are co-managers of the offering. TRW Automotive Holdings Corp. has granted the underwriters an option to purchase up to an additional 3,620,689 shares at the public offering price.

The public offering is being made by means of a prospectus, copies of which may be obtained from Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004, (Tel: +1 212-902-1171), Credit Suisse First Boston LLC at One Madison Avenue, New York, NY 10010, (Tel: +1 212-325-2580) or J.P. Morgan Securities Inc. at One Chase Manhattan Plaza, Level 5B, New York, NY 10081, (Tel: +1 212-552-5164).

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

TRW Automotive Holdings Corp., through its operating subsidiaries, is a leading global automotive supplier. Headquartered in Livonia, Michigan, USA, the company employs approximately 61,000 people in 22 countries. Its products include braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine valves, fastening systems and aftermarket replacement parts and services.