Court Confirms Remy's Pre-Packaged Plan of Reorganization; Company to Emerge in Early December with a Significantly Stronger Balance Sheet

ANDERSON, Ind., Nov. 20, 2007 -- Remy Worldwide Holdings, Inc. today announced that its pre-packaged plan of reorganization has been confirmed by the U.S. Bankruptcy Court, only 43 days after its plan and related petitions were filed. Upon emergence, expected in early December, Remy's long-term debt will be reduced by $360 million.

"The recapitalization would not have been such a success in such a short period of time without the loyalty of our customers, the professionalism and dedication of our employees, and the commitment and support of our creditor groups," said John Weber, Chief Executive Officer.

Remy also announced that on the effective date of the Plan it will enter into a $120 million revolving credit facility to be provided by Barclays Capital. The Company said that the exit financing, which includes a term loan of $210 million, will provide Remy with sufficient liquidity to continue to meet its financial requirements and grow its business in the coming years. In addition, the sale of subsidiary operation Knopf was approved and is expected to close on December 4.

"Since signing the Plan Support Agreement with our noteholders just six months ago, Remy has successfully recapitalized the Company's financial position, strengthened its business through a comprehensive restructuring of its commercial arrangement with General Motors, and built a foundation from which we can grow. In a matter of days Remy will emerge from this process a more competitive Company with a strong balance sheet," Mr. Weber concluded.

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.