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Walbro Corporation Suspends Common Stock Dividend And Declares Preferred Stock Dividend

6 March 1998

Walbro Corporation Suspends Common Stock Dividend And Declares Preferred Stock Dividend

    CASS CITY, Mich., March 6 -- The Board of Directors of Walbro
Corporation has announced a suspension of quarterly dividends
on approximately 8,683,000 shares of common stock outstanding.
    In making this announcement, L.E. Althaver, Chairman and Chief Executive
Officer, Walbro Corporation, noted "In the fourth quarter of 1997, Walbro
announced a restructuring plan designed to allow the Company to better focus
on its core activities, eliminate underperforming operations, lower its cost
structure and enhance shareholder value.  As part of this restructuring the
Board has decided to suspend the common stock dividend and to concentrate cash
flow on internal growth opportunities."
    As it relates to the Company's convertible trust preferred securities, the
Board has declared a first quarter dividend of $.50 per share, payable
April 30, 1998, to stockholders of record April 15, 1998.  The dividend will
be paid on 2,760,000 shares outstanding.
    Walbro Corporation is a designer and manufacturer of precision fuel
systems and products for automotive and small engine markets.  Walbro
Corporation is headquartered in Cass City, Michigan, and has subsidiaries and
joint ventures throughout the world, including North and South America, Europe
and Asia.  Walbro common stock is traded on the Nasdaq National Market under
the symbol WALB.

SOURCE  Walbro Corporation