Remy Sells M&M Knopf Business

ANDERSON, Ind., Nov. 20, 2007 -- Remy Worldwide Holdings, Inc. today announced that it received bankruptcy court approval for the sale of its subsidiary operation M&M Knopf Auto Parts, which is one of the largest distributors of recycled auto parts to the worldwide remanufacturing market and is also a global distributor of Saginaw Steering systems. A definitive agreement was entered on November 6 to sell the business.

"The sale of Knopf reflects the continued progress Remy has made in focusing on its core operations over the last year," said John Weber Chief Executive Officer. "This is a win-win situation for both parties and we are pleased to see the Knopf brothers return to ownership of their family business. The Knopf brothers are excellent businessmen and are best suited to continue to grow this business. Remy will have a continued involvement with the Knopfs going forward and we wish them well in their future endeavors."

The completion of the transaction is subject to customary closing conditions and is expected to close on December 4, 2007.

The Company filed its voluntary pre-packaged chapter 11 petitions and plan of reorganization in the U.S. Bankruptcy Court for the District of Delaware in Wilmington.

About Remy

Remy International, headquartered in Anderson, Indiana, is a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy-duty systems and Remy brand starters and alternators, locomotive products and hybrid power technology. The Company also provides a worldwide components core-exchange service for automobiles, light trucks, medium and heavy-duty trucks and other heavy-duty, off-road and industrial applications.

Caution Regarding Forward-Looking Statements:

This press announcement contains statements relating to future results of the Company that are forward-looking statements. Any statements set forth in this press announcement with regard to its expectations as to financial results and other aspects of its business may constitute forward-looking statements. These statements relate to the Company's future plans, objectives, expectations and intentions and may be identified by words like "believe," "expect," "may," "will," "should," "seek," or "anticipate," and similar expressions. The Company cautions readers that any such forward-looking statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks including, but not limited to, risks associated with being a debtor in possession in a chapter 11 proceeding including the confirmation of the prepackaged plan of reorganization, with the satisfaction of the conditions to the plan support agreement, including, but not limited to, as a result of the occurrence of a termination event thereunder, the satisfaction of conditions to funding occurring under both DIP and exit financing loan commitments and the occurrence of a termination event thereunder, future financial results and liquidity including the Company's continued ability to finance its operations in the normal course during the chapter 11 proceeding, the Company's relationship with and payment terms provided by its trade creditors, additional financing requirements, compliance with renegotiated key supplier agreements, dispositions, acquisitions and integration costs, development of new products and services, the effect of competitive products or pricing, the effect of commodity and raw material prices, the impact of supply chain cost management initiatives, restructuring risks, enterprise resource planning implementation risks, customs duty claims, litigation uncertainties and warranty claims, conditions in the automotive industry, foreign currency fluctuations, costs related to re-sourcing and outsourcing products, the effect of economic conditions and other uncertainties previously detailed in the Company's filings with the SEC. Due to these uncertainties, the Company cannot assure readers that any forward-looking statements will prove to have been correct. Remy International is under no obligation to (and expressly disclaims any such obligation to) update or alter any forward-looking statements whether as a result of new information, future events or otherwise.