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Echlin Shareholders Demand Special Meeting

24 March 1998

SPX Receives Demands From Owners Of More Than 43% of Echlin Shares; Under Connecticut Law and Echlin By-Laws, Meeting Must Be Held Within 90 Days

                  Echlin Shareholders Demand Special Meeting

    MUSKEGON, Mich., March 24 -- SPX Corporation
today announced that shareholders of Echlin Inc. have demanded
that Echlin hold a special shareholder meeting to vote on replacing the Echlin
Board of Directors with SPX's nominees.  SPX has received demands from holders
of more than 27 million Echlin shares, representing over 43% of Echlin's
outstanding shares, and will deliver these demands tomorrow to Echlin.
    Echlin is incorporated in Connecticut and, under that state's law and
Echlin's own by-laws, must give notice of a special meeting within 30 days of
receiving demands by holders of 35% of its outstanding shares, and must hold
the meeting within 60 days of giving notice.  Accordingly, the special meeting
must be held by June 25, 1998.
    "This is a victory for all Echlin shareholders and for corporate democracy
in Connecticut and the country," said John B. Blystone, Chairman, President
and CEO of SPX.  "We are pleased to have won the support of so many Echlin
shareholders so quickly to call a special shareholder meeting.  In this
referendum, shareholders will have the opportunity to decide for themselves
whether they prefer Echlin's existing Board and its 'repositioning' plan or
the SPX nominees and SPX's offer to acquire Echlin.  Now that Echlin's true
owners have spoken, we are hopeful that Connecticut will not enact special-
interest legislation that would retroactively strip shareholders of their
fundamental right to vote."
    At the special meeting, Echlin's existing Board would be removed if more
shareholders vote in favor of removal than vote against removal; new directors
would be elected by a simple majority of those voting.
    SPX Corporation is a global provider of Vehicle Service Solutions to
franchised dealers and independent service locations, Service Support to
Vehicle Manufacturers, and Vehicle Components to the worldwide motor vehicle
industry.  SPX's Internet address is http://www.spx.com.

SOURCE  SPX Corporation