Arvin Defers Sale of Income Equity Units

10 August 1999

Arvin Defers Sale of Income Equity Units

    COLUMBUS, Ind.--Aug. 9, 1999--Arvin Industries, Inc. , announced today that it would postpone its planned sale of 3,000,000 Arvin Income Equity Units. V. William Hunt, Arvin's Chairman, President and Chief Executive Officer, stated that Arvin has decided to defer the $150 million offering due to the recent decline in its stock price reflecting current adverse market conditions affecting the entire auto parts sector.
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 60 manufacturing facilities and eight technical centers located in 21 countries. Arvin is a leading manufacturer of automotive exhaust systems; ride control products; air, oil and fuel filters; and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI exhaust systems; Gabriel shock absorbers; Purolator filters; 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.shtml. For information via fax, please call our News On Demand service at 888-622-1161.