TRW Automotive to Acquire Majority Stake in Dalphimetal

LIVONIA, Michigan, September 7 --

- Transaction Will Strengthen TRW's Passive Safety Business

TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, announced today that the Company has entered into a definitive agreement with the founding members of Dalphi Metal Espaņa, S.A. ("Dalphimetal") to purchase a 68.4% stake in Dalphimetal for EUR113 million, or approximately US$137 million, plus the assumption of debt totalling EUR84 million or approximately US$103 million.

Headquartered in Madrid, Spain, Dalphimetal, a privately held company, designs, develops and manufactures airbags and steering wheels for a diverse mix of leading European automakers. The company reported 2004 sales, primarily in Europe, of EUR371 million or approximately US$453 million. Dalphimetal's largest customers (based on 2004 sales) are Peugeot, Renault, Volkswagen and Volvo. The company employs approximately 2,000 people with production facilities located in Spain, Portugal, France and Tunisia.

"The addition of Dalphimetal to our business further broadens our diversification, enhances our technological capabilities in the passive safety segment and bolsters our presence in Europe," said John C. Plant, president and chief executive officer. "We believe this acquisition should also better position us to meet the growing demand for safety related products and systems in a very competitive marketplace."

Mr. Plant added, "Following regulatory approvals, the next step in the process will be focused on implementing the business combination in a manner that is both seamless to our customers and captures the collective attributes of each organisation."

J. Ramon Sanz, spokesperson for the founding members of Dalphimetal, commented, "We are very pleased to have formed a business combination that ultimately blends the heritage of Dalphimetal with the scale of an industry leader." Mr. Sanz further stated, "This combination represents a strong cultural fit that brings together two companies that have built their success on providing their customers with leading products and technologies."

TRW intends to finance the acquisition initially with a combination of cash and existing credit facilities. The acquisition is expected to close during the fourth quarter of 2005 or the first quarter of 2006, subject to European Union antitrust approval and other related closing conditions. TRW expects the acquisition to be slightly accretive to its earnings beginning in 2006. Lehman Brothers served as financial advisor to TRW Automotive and Atlas Capital served as financial advisor to the founding members of Dalphimetal on the transaction.

Investor Briefing

TRW Automotive will host a brief conference call this morning at 9:00 a.m. (EDT) to discuss the transaction and to answer related questions. To access the conference call, US locations should dial +1-877-852-7898, and locations outside the US should dial +1-706-634-1095.

A replay of the conference call will be available approximately two hours after the conclusion of the call and accessible for approximately one week. To access the replay, US locations should dial 800-642-1687, and locations outside the US should dial +1-706-645-9291. The replay code is 9175948.

A live audio web cast and subsequent replay of the conference call will also be available on the Company's website at www.trwauto.com/results.

About TRW

With 2004 sales of US$12.0 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 60,000 people in 24 countries.

TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the Internet at www.trwauto.com.