---

TI Automotive Reports Increased Sales, Profits

9 August 2000

TI Automotive Reports Increased Sales, Profits

    WARREN, Mich. - TI Group Automotive Systems increased both sales and profits 
in the first half of 2000, its parent company, TI Group plc, announced today.

    TI Automotive's sales for the first two quarters increased by 76 percent
to $1.4 billion and operating profit increased by 52 percent to $148.5
million, compared with the first half of 1999.

    TI Automotive is the world leader in fluid handling systems for fuel,
brake and powertrain applications.  Its North American headquarters are in
Warren, Michigan.

    "TI Automotive has won around $1 billion of new vehicle platform business
in the first half, including major contracts with DaimlerChrysler for the
Mercedes C-class, with Ford for the Ranger sport utility, and with General
Motors for a future global car platform," said Allan Welsh, chief executive.

    "We are now achieving new business in excess of $200 a vehicle, compared
to an average of $30 a few years ago," Welsh said.  "This follows our
acquisition of Walbro Corporation last year, which combined with our Bundy
business, makes us the only independent supplier with global design and
manufacturing capacity in complete proprietary fuel storage and delivery
systems."

    TI Group Automotive Systems is a unit of UK-based TI Group, plc, one of
the world's leading specialized engineering companies.  For the first half of
2000, TI Group reported total sales of $2.8 billion, up 35 percent from the
previous year, and before-tax earnings were $241.7 million, up 12 percent.
Earnings per share (before goodwill and exceptional items) were $0.33, up 5.1
percent.

    TI Group Automotive Systems is a $2.3 billion tier-one supplier of
automotive fluid handling systems, including brake, fuel, powertrain and
refrigeration systems.  The division has more than 20,000 employees at 150
facilities in 29 countries on six continents.

    TI Group plc is one of the world's leading specialized engineering
companies, listed on the London Stock Exchange and traded in the U.S. on the
OTC market.  Headquartered in the UK, TI Group plc operates globally with more
than 40,000 people at 400 manufacturing and customer service facilities in
more than 45 countries.  Other TI Group businesses include John Crane, Dowty
and TI Group Specialty Polymer Products.