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Tower Automotive, Inc., Announces Dividend on Trust Convertible Preferred Securities

9 June 1999

Tower Automotive, Inc., Announces Dividend on Trust Convertible Preferred Securities

    MINNEAPOLIS, June 8 -- Tower Automotive, Inc. ,
announced today that a dividend of $0.84 per share will be paid on the 6 3/4%
trust convertible preferred securities issued by the Tower Automotive Capital
Trust.  The dividend will be payable on June 30, 1999, to stockholders of
record on June 15, 1999.  The dividend will be paid on 5,175,000 shares
outstanding.
    Tower Automotive, Inc., produces a broad range of assemblies and modules
for vehicle structures and suspension systems for the automotive
manufacturers, including Ford, DaimlerChrysler, General Motors, Honda, Toyota,
Nissan, Auto Alliance, Fiat, BMW and Volkswagen.  Products include body
structural assemblies such as pillars and package trays, control arms,
suspension links, engine cradles and full frame assemblies.