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Arvin Boosts Quarterly Dividend 5%

16 October 1998

Arvin Boosts Quarterly Dividend 5%

    COLUMBUS, Ind.--Oct. 15, 1998--The Board of Directors of Arvin Industries, Inc. , today declared a quarterly cash dividend in the amount of 21 cents per Common Share, payable December 31, 1998, to shareholders of record as of the close of business on December 4, 1998.
    Commenting on the increase, V. William Hunt, President and Chief Executive Officer, said, "As a result of Arvin's continued earnings growth, the Board of Directors acted upon management's recommendation to further enhance shareholder value. Our confidence in the future earnings ability of Arvin provided the foundation for the increase."
    This is the seventy-fourth year in which cash dividends have been paid on Arvin Common Stock.
    Certain information and statements included or implied are forward looking and involve certain risks and uncertainities that could cause actual results to differ materially from those expressed or implied by these statements. These forward-looking statements are identified by their use of terms and phrases such as "expected," "expect," "should," "estimated earnings," "anticipate," and "believe." Information about potential factors identified by the Company which would affect the actual financial results are included in the Company's Form 8-K, filed January 3, 1997, with the SEC.
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 50 manufacturing facilities and eight technical centers located in 16 countries. Arvin is a leading manufacturer of automotive exhaust systems, ride control products, and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI for exhaust systems, Gabriel in shock absorbers, and StrongArm gas charged lift supports.
    For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.htm. For information via fax, please call our News On Demand service at 888-622-1161.