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BREED Chairman Part of a Group Seeking to Acquire the Assets of the Company

27 March 2000

BREED Chairman Part of a Group Seeking to Acquire the Assets of the Company

    LAKELAND, Fla.--March 27, 2000--BREED Technologies, Inc. (OTCBB:BDTTQ) announced today that its Board of Directors has received a proposal from a group of investors, which includes BREED's Chairman of the Board and Chief Executive Officer, Johnnie Cordell Breed, to purchase substantially all of the assets of the Company. No details of the proposal have been released. BREED is continuing to pursue several options to emerge from its chapter 11 bankruptcy case, including, the sale of the business to one or more third parties or the reorganization of the business.