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Tower Automotive, Inc. Announces Dividend

4 September 1998

Tower Automotive, Inc. Announces Dividend on Trust Convertible Preferred Securities

    MINNEAPOLIS, Sept. 4 -- Tower Automotive, Inc.
announced today that a dividend of $1.05 per share will be paid on the 6 3/4%
trust convertible preferred securities issued by the Tower Automotive Capital
Trust.  The dividend will be payable on September 30, 1998, to stockholders of
record on September 15, 1998.  The dividend will be paid on 5,175,000 shares
outstanding.  The trust convertible preferred securities were issued by Tower
Automotive Capital Trust on June 9, 1998.
    Tower Automotive, Inc., produces a broad range of assemblies and
modules for vehicle body structures and suspension systems for the automotive
manufacturers, including Ford, Chrysler, General Motors, Honda, Toyota,
Nissan, Auto Alliance, Fiat, BMW, Volkswagen and Mercedes.  Products
include body structural assemblies such as pillars and package trays, control
arms, suspension links, engine cradles and full frame assemblies.  The company
has its operating headquarters in Grand Rapids, Mich.