Turbodyne Receives Shipment Order

2 October 1998
Turbodyne Receives Shipment Order
    WOODLAND HILLS, Calif., Oct. 2 -- Turbodyne Technologies Inc.
(Nasdaq: TRBD, EASDAQ) announced today that it has received the first shipment
order of Turbopac(TM) products pursuant to the terms of the purchase order
from the TransBusiness Group of Moscow, Russian Federation.
    This shipment order includes one thousand units of Turbopac(TM) model
1500, three hundred units of Turbopac(TM) model 2200 and one hundred units of
Turbopac(TM) model 2500.  The aggregate export value of this shipment is
US$2,095,000.  Payment for the shipment will be through Direct Bank to Bank
Financing and appropriate Export Credit Guaranty.
    Per the terms of the agreement with the TransBusiness Group, Turbodyne
Application Engineers will assist in the installation of the products on the
TransBusiness fleet of vehicles and train the Russian Engineers for
installations and servicing the products.
    Turbodyne Systems, the Engine Technology Division of Turbodyne, develops,
manufactures, designs and markets patented pollution-reduction, fuel economy
and performance enhancing products for internal combustion engines in the
automotive, transportation, construction, marine, agriculture, mining,
military and power generation industries.  Turbodyne's Light Metals Division
is a manufacturer of machined aluminum castings and a leading supplier to the
automotive industry.
    Offices and plants are located in Carpinteria, La Mirada, Encinitas and
Woodland Hills, CA; Ensenada and Mexico City, Mexico; Vancouver, Canada;
Northants, England; Paris France and Frankfurt, Germany.
    Please visit Turbodyne's website.  The world wide web address is:
http://www.turbodyne.com.
    Except for the historical information contained in this news release, the
matters discussed herein include forward-looking statements that involve risks
and uncertainties.  Among the important factors that could cause actual
results to differ from those indicated in the forward-looking statements are
the availability and acceptance of the Turbodyne products; the impact of
competitive products and pricing; the performance by the company under
existing purchase contracts and the ability to obtain new contracts, the
ability of the company to contain expenses, conditions within the global
automotive market, general economic conditions and political changes both
domestically and overseas and other factors detailed from time to time in the
company's SEC reports, including its 1997 Form 20-F.