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Arvin Declares Cash Dividend

17 July 1998

Arvin Declares Cash Dividend

    COLUMBUS, Ind.--July 16, 1998--The Board of Directors of Arvin Industries, Inc. , today declared a quarterly cash dividend in the amount of 20 cents per Common Share, payable September 30, 1998, to shareholders of record as of the close of business on September 4, 1998.
    This is the seventy-fourth year in which cash dividends have been paid on Arvin Common Stock.
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 50 manufacturing facilities and eight technical centers located in 16 countries. Arvin is a leading manufacturer of automotive exhaust systems and ride control products. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI for exhaust systems; Gabriel shock absorbers; and StrongArm gas charged lift supports.
    For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.htm. For information via fax, please call our News On Demand service at 888-622-1161.