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Turbodyne Technologies Becomes U.S. Domiciled

3 March 1998

Turbodyne Technologies Becomes U.S. Domiciled

    WOODLAND HILLS, Calif., March 3 -- At a special call
shareholder meeting held in Vancouver, B.C. on February 27, 1998, shareholders
representing a substantial majority of Turbodyne's outstanding common shares
voted to file a Certificate of Domestication with the Secretary of State of
the state of Delaware, changing the company's domicile to Delaware from
Canada.  The company expects to effect the domestication in the second fiscal
quarter of 1998.
    "We are gratified at the support from our shareholders," said Edward
Halimi, Turbodyne's Chairman.  "We believe this change of domicile will
benefit Turbodyne and its shareholders in many meaningful ways."
    "First, this domestication more closely reflects the U.S.-based
operations of Turbodyne, with its headquarters, research, and development,
sales and marketing areas, most of which are located in California."
    "Secondly, this move should provide improved market visibility and
flexibility as our stock trading symbol will no longer carry the 'F', or
foreign designation, once the change is effective.  This should benefit future
financings as well as encourage new investors who might previously have been
prevented from investing in foreign companies."
    "Finally, this move grants us greater flexibility in configuring our
Board of Directors by removing the requirement that a majority be Canadian
residents.  We expect to strengthen the Board's representation across a
variety of disciplines in the coming months."
    Turbodyne is an integrated company specializing in the development,
design, manufacture and marketing of patented pollution-reduction, fuel
economy and performance enhancing technology for internal combustion engines
in the automotive, transportation, construction, agriculture, mining, marine,
military and power generation industries.
    Its light metals division is a manufacturer of machined aluminum castings
and a leading supplier of engineered permanent mold and sand-cast aluminum
products for the automotive industry.  Offices and plants are located in
Carpinteria, La Mirada, Encinitas and Woodland Hills, CA; Ensenada and Mexico
City, Mexico; Northants, England; Vancouver, Canada; Frankfurt, Germany; and
Paris, France.
    Turbodyne's world wide web address: http://www.turbodyne.com

    TURBODYNE TECHNOLOGIES INC.

    "Edward M. Halimi"

    Edward M. Halimi
    Chairman

    With the exception of the historical information contained herein, this
news release includes forward-looking statements that involve risks and
uncertainties.  Among the important factors that could cause actual results
to differ from those indicated in the forward-looking statements are: the
timely approval by the Canadian or Delaware authorities, the failure by
Turbodyne advisors to provide a satisfactory opinion as to the tax effect with
respect to the company's domestication to Delaware, general economic
conditions, conditions within the global automotive market and political
changes both domestically and overseas.

SOURCE  Turbodyne Technologies Inc.