Dana Corporation Declares Dividend

TOLEDO, Ohio, July 20 -- Dana Corporation today declared a dividend on its common stock of 12 cents per share, payable on September 15, 2004, to shareholders of record on September 1, 2004.

Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicles. Delivering on a century of innovation, the company's continuing operations employ approximately 45,000 people worldwide dedicated to advancing the science of mobility. Founded in 1904 and based in Toledo, Ohio, Dana operates technology, manufacturing, and customer-service facilities in 30 countries. Sales from continuing operations totaled $7.9 billion in 2003. Dana's Internet address is: http://www.dana.com/ .