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Superior Industries Announces 12.5% Increase in Quarterly Dividend

7 May 1999

Superior Industries Announces 12.5% Increase in Quarterly Dividend to $.09 Per Share; Cash Dividend Increased for 16th Consecutive Year

    VAN NUYS, Calif.--May 7, 1999--Superior Industries International Inc. announced today at its annual meeting of shareholders that the Board of Directors has approved a 12.5 percent increase in the Company's quarterly cash dividend to $.09 per share, commencing with the next quarterly dividend payable on July 16, 1999 to shareholders of record on July 2, 1999.
    Noting that Superior now has increased its cash dividend for 16 consecutive years, a company spokesman said, "This dividend increase is a sign of our confidence in Superior's continued growth and strong financial performance. We are continuing to build our aluminum road wheel business, and we are optimistic that our efforts to expand into the related market for non-wheel aluminum automotive components will meet with success as well."
    Superior supplies aluminum wheels and other aluminum components to Ford, General Motors, Chrysler de Mexico, BMW, Volkswagen, Audi, Rover, Toyota, Mazda, Nissan and Isuzu. The Company is also a leading manufacturer of accessory products for the national automotive aftermarket.

    The statements contained in this release which are not historical facts may be deemed to constitute forward-looking statements. Actual results might differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the Company's products, and other risks or uncertainties detailed in the Company's filings with the Securities and Exchange Commission.