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Federal-Mogul's Cash Offer for T&N plc Declared Unconditional

7 January 1998

Federal-Mogul's Recommended Cash Offer for T&N plc Declared Unconditional

    SOUTHFIELD, Mich., Jan. 6 -- Federal-Mogul Global Growth
Limited, a wholly-owned indirect subsidiary of Federal-Mogul Corporation
announces that its recommended cash offer to acquire the whole of
the issued ordinary share capital of T&N plc, has been declared unconditional
as to acceptances.  By the second closing date under the offer, Friday,
January 2, 1998, valid acceptances of the offer had been received in respect
of 521,518,581 T&N ordinary shares representing approximately 95% of the
entire issued share capital of T&N.
    Discussions with relevant regulatory authorities are continuing.  Federal-
Mogul remains confident that all necessary regulatory clearances will be
obtained, but is not now expecting to receive these prior to the end of
February 1998.
    On this basis, and at the request of Federal-Mogul and with the consent of
T&N, the U.K. Panel on Takeovers and Mergers has agreed to an extension of the
time allowed for the satisfaction of the remaining conditions, under Rule 31.7
of the City Code on Takeovers and Mergers, to March 6, 1998.  The Panel has
indicated that if it becomes necessary for Federal-Mogul to request a further
extension of the time allowed for satisfaction of such conditions, the Panel
will, in deciding whether or not to grant any such request, consider the
possibility of introducing withdrawal rights during such additional period in
respect of prior acceptances.  Terms defined in the Offer Document dated
November 13, 1997 shall have the same meaning in this announcement.
    Headquartered in Southfield, Michigan, Federal-Mogul is a $2 billion
global manufacturer and distributor of a broad range of non-discretionary
parts primarily for automobiles, light trucks, heavy trucks, and farm and
construction vehicles.  The company was founded in 1899.  Visit the company's
web site at http://www.federal-mogul.com for more information.

SOURCE  Federal-Mogul Corporation