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Federal-Mogul Declares First Quarter Dividend on Common Stock

25 February 1999

Federal-Mogul Declares First Quarter Dividend on Common Stock

    SOUTHFIELD, Mich., Feb. 24 -- The board of directors of
Federal-Mogul Corporation today declared the regular quarterly
dividend of $.0025 cents a share on the common stock of the company.
    First quarter common stock dividends are payable March 10, 1999 to
shareholders of record at the close of the business March 3, 1999.
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, light truck, heavy-duty, railroad, farm and
industrial markets.  The company was founded in 1899.  Visit the company's web
site at http://www.federal-mogul.com for more information.  Federal-Mogul's
press releases are available by fax through Company News On-Call, call
800-758-5804, ext. 306225.