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Grupo Dina Expects to Continue Its Truck Contract With Western Star Truck Holdings

22 June 2000

Grupo Dina Expects to Continue Its Truck Contract With Western Star Truck Holdings

    MEXICO CITY - Consorcio G. Grupo Dina, S.A. de C.V., a leading Latin American 
producer of trucks, today announced that it does not foresee any disruption in 
its existing contract with Western Star Trucks of Canada to supply it with 
Dina's class 7 vehicles.

    Last October Dina signed an important ten-year contract with Western Star
for the production and export of Dina's class 7 vehicles, which would be sold
through Western Star's U.S. distribution network under its own name.

    The company is releasing this statement because the business and financial
press reported that Western Star "is in discussions with a third party to
investigate a merger opportunity."  The Canadian company, Western Star, a
leading producer of class 8 heavy-duty trucks and transit buses for the North
American and other markets, had been rumored to be in discussion with an
unidentified third party with a view to a possible merger.  Western Star has
publicly stated that it "will make further announcements of any material
developments if, as and when appropriate."

    The management of Dina does not anticipate any negative effect to its
contract in the event that Western Star should merge with another company.
Under the terms of the ten-year contract there is no provision for a change in
the contract if Western Star should merge with another company.  Moreover,
Dina has no knowledge of the details or possible timing of a Western Star
merger transaction.  In the event of such a merger, Dina's management
considers it possible that this could further enable Dina to develop its North
American business, depending upon the market position and growth potential of
Western Star after a merger.

    Although Dina's management believes that it is most unlikely that its
contract would be modified if Western Star should merge it will promptly
provide appropriate public information about any direct implications to its
present contract.

    Grupo Dina is an international consortium with industrial operations in
Mexico and Argentina, and commercial operations all over the American
continent.  At the present time, Dina is one of only 15 truck manufacturers
with its own proprietary technology among 100 manufacturers in the world
market.

    The Private Securities Litigation Reform Act ("The Act") provides a "Safe
Harbor" for forward-looking statements to encourage companies to provide
prospective investors with information, to the extent that such statements are
identified as forward-looking and are accompanied by meaningful cautionary
statements identifying important factors which could cause results to be
materially different from those discussed in the statement.

    Dina would like to take advantage of the provisions of the Act.

    In discussing the future prospects of the Company, management has
identified factors including, but not restricted to the following:

    * The underlying performance of the economy, and most importantly interest
      rates and inflation.
    * Conditions in Mexico and Argentina, among the Company's primary markets,
      which have been characterized by significant volatility in recent years,
      including significant depreciation of the peso.
    * The successful implementation of the Company's restructuring program.
    * Competitive conditions in its major markets.
    * Order flow for its products from major customers.
    * Harmonious relationships with its workers and labor unions that
      represent them.