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Lear Corporation is Y2K Ready

14 October 1999

Lear Corporation is Y2K Ready

    SOUTHFIELD, Mich., Oct. 12 -- Lear Corporation
today issued a statement confirming the company's Year 2000 (Y2K)
preparedness.
    "Lear is ready for the new millennium and any indication to the contrary
is erroneous and without merit," said Lear Chief Information Officer and Vice
President - Information Technology John Crary.  "All of the company's business
critical elements involving information technology - including manufacturing
site computer systems - were completed and tested as of September 30, 1999.
    "Lear launched its Y2K readiness effort in 1996 and also was an early and
active participant in the development of the Y2K program guidelines
established by the Automotive Industry Action Group (AIAG), the independent
organization that is directing the industry's Y2K preparedness strategy,"
Crary said.  "Lear has played an ongoing leadership role in the AIAG's Y2K
effort and Jim Lloyd, Lear Vice President - Information Technology, currently
serves as AIAG Chairman of the Board.
    "An assessment of Lear's readiness based on a recent consultant's report
in which Y2K expenditures are related to readiness, fails to account for the
significant computer upgrades we have made in line with trends in the
automotive industry and as part of the investments we've made over the past
several years in our information technology program," he said.
    Lear's Information Technology staff members have been a part of the Y2K
teams assembled by each of the global automotive manufacturers that make up
Lear's customer base, traveling to Lear plant sites around the world to
validate the company's readiness.  Lear also has been instrumental in
monitoring the Y2K compliance of the company's supply base.
    Lear Corporation, a Fortune 200 company headquartered in Southfield,
Michigan, USA, is the world's largest supplier of automotive interiors, with
1998 proforma sales of more than $12 billion.  The company's world-class
products are designed, engineered and manufactured by more than 100,000
employees in over 300 facilities located in 33 countries.  Information about
Lear and its products is available on the Internet at http://www.lear.com