---

TI Group Names Global Management Team for New Auto Unit

4 August 1999

TI Group Names Global Management Team for New Auto Unit; Jim Davis Will Head North American Automotive Operations

    TRAVERSE CITY, Mich., Aug. 4 -- UK-based TI Group has named a
senior management team for its newly formed global automotive systems
organization.
    Jim Davis has been appointed president of North American Operations,
according to Allan Welsh, chief executive of TI Group Automotive Systems.
Davis joined TI Group in 1997 as president of Bundy North America.
    TI Group Automotive Systems combines Bundy with Walbro Corporation, a
recent $570-million TI Group acquisition, to form the auto industry's largest
single supplier of fluid handling systems, including brake, fuel, powertrain
and refrigeration systems.  TI Group's automotive unit would have had 1998
annual revenues of more than $2.2 billion with 20,000 employees at 150
facilities around the world.
    Also reporting directly to Welsh are:

    *  Dan Cook, commercial director
    *  Andrew Masterman, President of Engine Management
    *  Walter Serer, president of Latin American Operations
    *  Tony Martin, president of Asia Pacific Operations
    *  Chris Kinsella, finance director
    *  Ron McIntosh, technology director
    *  Malcolm Aitken, chief executive of Refrigeration

    Davis and Cook, formerly commercial director for Bundy's global
operations, will be located in the Detroit area.  Masterman, previously
president of Walbro Corporation's Asia Pacific organization, will be
headquartered in Tucson, Arizona.
    Serer previously headed Bundy's Latin American operations and will be
located in Sao Paulo, Brazil.  Kinsella, McIntosh and Aitken also held similar
positions at Bundy and will have their offices at TI Group's UK-headquarters
in Abington.
    A director of human resources and a managing director for the automotive
group's Europe Operations will be named shortly.
    Welsh noted TI Group is integrating Walbro's fuel-storage systems business
with its existing Bundy fuel and vapor line activities to create a unique
global supplier of complete fuel storage and delivery systems.
    "Our new fuel systems business will operate alongside Bundy's brake line,
powertrain and refrigeration fluid-carrying activities to give us a strong
leadership position in automotive fluid management systems," Welsh said.  "The
announcement of our new management team is the beginning of a new era for TI
Group and its automotive business.
    "Recognizing the value of the Bundy and Walbro brands in the marketplace,
we will continue to market these names.  The formation of TI Group Automotive
Systems will accelerate our growth and contribute to improved shareholder
value for TI Group."
    TI Group Automotive Systems is a business of TI Group plc, one of the
world's leading specialized engineering companies.  Listed on the London Stock
Exchange and headquartered in the UK, TI Group operates globally with more
than 40,000 people at more than 450 manufacturing and customer service
facilities in more than 45 countries.
    TI Group plc sales are currently in excess of $4 billion with North
America accounting for 45 percent of sales, Continental Europe 27 percent, the
UK 20 percent and other regions 8 percent.
    In North America, TI Group employs more than 16,000 people at more than
120 facilities.  Further information about TI Group and its businesses can be
found on the Internet at http://www.tigroup.com