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Turbodyne Makes EASDAQ Statement

17 August 1998

Turbodyne Makes EASDAQ Statement

    WOODLAND HILLS, Calif., Aug. 14 -- Turbodyne Technologies
Inc. (Nasdaq: TRBD; EASDAQ) announced today in compliance with the information
disclosure requirements of EASDAQ, that all of the information disclosed by
the company at a news conference on Wednesday, August 12, 1998 at the
headquarters of Turbodyne Europe GmbH, in Frankfurt, Germany, including the
company's right of legal action against Asensio & Co., is consistent with
previously released public news announcements distributed by the company.
    Turbodyne's world wide web address is: http://www.turbodyne.com