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Standard Products Declares Regular Quarterly Dividend

24 August 1998

Standard Products Declares Regular Quarterly Dividend

    CLEVELAND, Aug. 24 -- Directors of The Standard Products Co.
today declared a regular quarterly dividend of $.17 per share,
payable October 23, 1998 to shareholders of record October 9, 1998.
    Standard Products manufactures sealing, trim and vibration control systems
for the automotive original equipment industry 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.  More
information about Standard Products is available on the Internet at
http://www.standardproducts.com.