ArvinMeritor and Raydan Manufacturing Enter into Licensing Agreement for Vocational Suspensions

TROY, Mich., Aug. 26, 2004 -- ArvinMeritor, Inc. Commercial Vehicle Systems (CVS) business group announces the signing of a licensing agreement with Raydan Manufacturing Inc., Alberta, Canada, for the patented Air Link(TM)(1) rear tandem suspension product line. This exclusive agreement begins a long-term global collaboration between the two companies authorizing ArvinMeritor to market, engineer and manufacture the Air Link rear suspension product line, up to and including 52,000 lb. gross tandem weights for commercial truck, trailer, specialty and military OEMs. Raydan will continue to manufacture the suspension for crane chassis, custom retrofit, and all applications above 52,000 lb. gross tandem weight.

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"This is a significant agreement for ArvinMeritor as we continue to expand our suspension module product line and meet our customers' expectations as a full systems supplier. We are proud that Raydan has the confidence in our engineering, manufacturing, sales and service capabilities to enter into this licensing agreement," said Sergio Carvalho, vice president and general manager, Brakes, Suspension Systems, Trailer Products and Ride Control.

Effective immediately, all engineering, marketing, product planning and sales activities for Air Link applications specified within the agreement will be managed from ArvinMeritor's headquarters in Troy, Michigan. This suspension is the industry's only walking beam air suspension and has been tested successfully by Canada's National Research Council, the U.S. and Canadian militaries, as well as private corporations. It is standard original equipment on many road crane and fire apparatus vehicles.

"We are very pleased to be working with ArvinMeritor," said Ray English, president and CEO of Raydan Manufacturing Inc. "Their global presence makes the Air Link available worldwide, and as the largest axle manufacturer in North America, the Air Link is a natural fit."

Raydan Manufacturing Inc. is an Edmonton, Alberta-based producer of specialized suspension and coupling systems for trucks and heavy equipment. Established in 1992, Raydan exports its innovative, high-quality products to the global heavy transportation industry. Raydan trades on the Canadian Venture Exchange under the symbol "RDN". For more information, visit the company's website at http://www.raydanmfg.com/ .

ArvinMeritor, Inc. is a premier $8 billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 32,000 people at more than 150 manufacturing facilities in 27 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: http://www.arvinmeritor.com/ .

(1) The Air Link(TM) suspension is protected by U. S. Patent No. 5,228,718, and the license gives ArvinMeritor the right to enforce the patent.

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NOTE TO EDITORS: A photo of the contract signing is available by contacting: christina.kraning@arvinmeritor.com .