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Standard Products Announces Expected Q1 Earnings

21 September 1998

Standard Products Expects Reduced Fiscal First Quarter Earnings

    DEARBORN, Michigan, Sept. 21 -- The Standard Products Co.
, a leading supplier to the worldwide automotive original equipment
industry, said it expects the combined effect of the recently ended labor
strike at General Motors and the current economic weakness in Brazil will
reduce earnings for its seasonally soft first quarter ended September 30,
1998, to the break-even level or slightly above.  The Company reported diluted
earnings per share of $0.16 for the first quarter last year.
    The Company estimates that the GM strike will reduce diluted earnings for
the quarter by $0.06 per share.  GM accounts for about 13 percent of the
Company's sales worldwide.  The Company said that to the extent that
production lost during the GM strike is made up over the rest of the year, it
can recoup the losses caused by the strike.
    In Brazil, continuing economic deterioration has resulted in production
cutbacks by local automotive manufacturers.  These cutbacks have weakened
demand for the Company's products, which will cause lower first quarter
results from its Brazilian subsidiary than had been anticipated.  Brazil
accounts for about seven percent of the Company's worldwide sales.
    Certain statements in this press release constitute "forward-looking
statements" as that term is defined under the Private Securities Litigation
Reform Act of 1995.  The achievement of the projections and estimates set
forth is subject to certain general risks and uncertainties, including
economic and industry conditions that affect all international businesses as
well as specific risks, including but not limited to a prolonged recession in
Brazil, and the various factors contained in the reports filed by the Company
with the Securities and Exchange Commission.
    Standard Products produces highly engineered polymer-based products and
systems on a global basis for the automotive, appliance and construction
industries.  More information may be found on the Standard Products Website at
http://www.standardproducts.com.