BorgWarner Stockholders Approve Two-For-One Stock Split; Board Declares Regular Quarterly Dividend

CHICAGO, April 21 -- At their annual meeting today, the stockholders of BorgWarner Inc. approved an increase in the number of shares of authorized common stock to 150 million from 50 million allowing for a two-for-one stock split. The stock split will be effective May 1, 20047, 2004 to shareholders of record on May 3, 2004.

In additional action, the board of directors of BorgWarner declared a quarterly dividend of $0.125 per share post-split ($0.25 per share pre-split) on all of the company's issued and outstanding common stock. The dividend is payable May 17, 2004 to shareholders of record on May 3, 2004.

BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 43 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, Renault/Nissan, Peugeot and VW/Audi. The Internet address for BorgWarner is: http://www.bwauto.com/ . For further information contact BorgWarner Corporate Communications at 312-322-8500.