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Tower Automotive Announces Dividend on Trust Convertible Preferred Securities

1 December 1999

Tower Automotive Announces Dividend on Trust Convertible Preferred Securities

    MINNEAPOLIS, Dec. 1 -- Tower Automotive, Inc. ,
announced today that a dividend of $0.84 per share will be paid on the 6 3/4
percent trust convertible preferred securities issued by the Tower Automotive
Capital Trust.  The dividend will be payable on Dec. 31, 1999, to stockholders
of record on Dec. 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 original equipment
manufacturers of automobiles including Ford, DaimlerChrysler, GM, 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.