Cooper Tire & Rubber Company Announces Fixed Spread Tender Offer Price for its 7-3/4% Notes Due 2009

FINDLAY, Ohio, May 18, 2005 -- COOPER TIRE & RUBBER COMPANY ("COOPER TIRE") , today announced that it has priced its fixed spread tender offer to purchase for cash any and all of the $350 million aggregate principal amount outstanding of its 7-3/4% Notes due December 15, 2009 (the "Notes").

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Upon consummation of its tender offer, Cooper Tire will pay $1,095.05 for each $1,000 principal amount of the Notes tendered and accepted for payment in the tender offer, plus $34.44 for accrued but unpaid interest assuming the settlement date is May 25, 2005, as expected. The purchase price was determined in the manner described in the Offer to Purchase, dated May 9, 2005, on the basis of a yield to maturity of the Notes equal to the sum of (i) the bid-side yield of the reference security, plus (ii) the fixed spread. The applicable reference security was the 3-1/2% U.S. Treasury Note due December 15, 2009 (as quoted on Bloomberg Reference Page BBT5 at 2:00 p.m., New York City time, today), and the fixed spread was 160 basis points.

The tender offer is scheduled to expire at 5:00 p.m., New York City time, on Friday, May 20, 2005, unless extended (the "Expiration Date"). The purchase price for Notes tendered and accepted for payment pursuant to the tender offer is payable only to holders who validly tender their Notes before 5:00 p.m., New York City time, on the Expiration Date and who do not validly withdraw their tender. Holders who tender their Notes in the tender offer may withdraw their tenders at any time prior to 5:00 p.m., New York City time, on the Expiration Date, but not thereafter, except as may be required by law. Settlement of the tender offer is expected to occur on the third business day following the Expiration Date.

Specified details of the tender offer are fully described in the Offer to Purchase and the related Letter of Transmittal, both dated May 9, 2005 (the "Offer Documents"). Requests for documents may be directed to Global Bondholder Services Corporation (the "Information Agent") by telephone at 866-294-2200 or 212-430-3774 or in writing at 65 Broadway - Suite 704, New York, New York 10006. Questions regarding the tender offer may be directed to Banc of America Securities LLC (the "Dealer Manager") at 866-475-9886 or 704-388-2605.

None of Cooper Tire, the Dealer Manager or the Information Agent makes any recommendation that any holders tender or refrain from tendering all or any portion of the principal amount of their securities pursuant to the tender offer, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their securities, and if so, the principal amount to tender.

This press release is not an offer to purchase, which is being made only pursuant to the terms of the Offer Documents and in accordance with applicable securities laws. This press release shall not constitute a notice of redemption of the Notes.

Company Description

Cooper Tire & Rubber Company is a global company specializing in the design, manufacture and sales of passenger car, light truck, medium truck, motorcycle and racing tires, as well as tread rubber and related equipment for the retread industry. With headquarters in Findlay, Ohio, Cooper Tire has 39 manufacturing, sales, distribution, technical and design facilities around the world. For more information, visit Cooper Tire's web site at: www.coopertireandrubber.com .

This press release contains forward-looking statements that are subject to certain risks, uncertainties and assumptions, including the ability to satisfy the conditions to consummate the tender offer. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. These and other risks and assumptions are described in Cooper Tire's reports that are available from the United States Securities and Exchange Commission. Cooper Tire assumes no obligation to update the information in this press release other than as required by law.

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