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Donnelly Corporation Concludes Sale of Joint Venture Interest

15 September 1999

Donnelly Corporation Concludes Sale of Joint Venture Interest
    HOLLAND, Mich., Sept. 15 -- Donnelly Corporation
today announced that it has closed on the sale of the company's ownership in a
former joint venture operation, Lear Donnelly Overhead Systems, LLC.
    Donnelly sold its interest to Lear Corporation, its partner in the JV, for
cash and other assets.  Terms of the sale have not been disclosed, pending the
resolution of open issues.  However, Donnelly does expect that the sale will
result in a one-time, material favorable impact on net income.
    Donnelly Corporation is an international automotive supplier dedicated to
serving customers around the globe with industry-leading components and
systems in automotive mirrors, windows and door handles.  Through its various
product lines, Donnelly is a supplier to every major automotive manufacturer
in the world.  The company has been based in Holland, Michigan, since 1905,
and today has approximately 5,600 employees in 12 countries worldwide.  In
addition, Donnelly is nationally recognized as a leader in the application of
participative management principles and systems.
    This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  Investors are
cautioned that any current expectations of the Company, or its management, are
not guarantees of future performance and involve risk and uncertainties.
Actual results may differ materially from those in forward-looking statements
as a result of various factors including, but not limited to (a) general
economic and currency conditions in the markets in which the Company operates;
(b) fluctuation in worldwide or regional automobile and light truck
production; (c) changes in practices and/or policies of the Company's
significant customers; (d) human resource constraints which could impede
changes in Europe; and (e) other risks and uncertainties.