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Standard Products Declares Regular Quarterly Dividend

23 June 1998

Standard Products Declares Regular Quarterly Dividend

    CLEVELAND, June 22 -- Directors of The Standard Products Co.
today declared a regular quarterly dividend of $.17 per share,
payable July 24, 1998 to shareholders of record July 10, 1998.
    Standard Products manufactures sealing, trim and vibration control systems
for the automotive original equipment industry at plants in North and South
America and Europe.  Its Holm Industries subsidiary produces seals for
residential and commercial appliances, doors and windows.  Its Oliver Rubber
subsidiary manufactures tread rubber and equipment for the retread industry.
Information regarding this release can be found on Standard Products Internet
Website at http://www.standardproducts.com.