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ArvinMeritor Declares First Quarterly Dividend on Common Stock

19 July 2000

ArvinMeritor Declares First Quarterly Dividend on Common Stock

    TROY, Mich. - ArvinMeritor, Inc.'s board of directors today declared the 
first regular quarterly dividend on its common stock -- 22 cents per share -- 
payable Sept. 5, 2000 to shareowners of record Aug. 14, 2000.

    Predecessor companies Arvin Industries, Inc. and Meritor Automotive, Inc.
merged into ArvinMeritor, Inc. on July 7, 2000.  The new company's dividend is
identical to the former Arvin rate, and represents a 57-percent increase for
former Meritor shareowners.

    Arvin Meritor Chairman and Chief Executive Officer Larry Yost said,
"ArvinMeritor's strengthened financial position supports this dividend, which,
when compared with earnings, is in line with our industry peers."

    ArvinMeritor, Inc. is a premier $7.5-billion global transportation
industry supplier of a broad range of integrated systems, modules and
components, serving light vehicle, commercial truck, trailer and specialty
original equipment manufacturers and related aftermarkets.  In addition, the
company is the leader in coil coating applications, including those for the
transportation, appliance, construction and furniture industries.
Headquartered in Troy, Mich., ArvinMeritor employs 36,500 people at more than
120 facilities in 25 countries.  The company's common stock is traded on the
New York Stock Exchange under the ticker symbol ARM.