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Newsroom Lear Corporation Extends Expiration Date on Exchange Offer for its Outstanding 5 3/4% Senior Notes due 2014

Southfield, Mich., April 4, 2005 -- Lear Corporation [NYSE: LEA] announced today that it is extending until 5:00 p.m., New York City time, on April 4, 2005, unless further extended, the expiration date of its registered exchange offer (the "Exchange Offer") for all of its outstanding 5 3/4% Senior Notes due 2014 (the "Old Notes"). In its Exchange Offer, Lear is offering to exchange $1,000 in principal amount of its 5 3/4% Senior Notes due 2014, which have been registered under the Securities Act of 1933 (the "New Notes"), for each $1,000 in principal amount of the Old Notes.

As of 5:00 p.m., New York City time, on April 1, 2005, the original expiration date of the Exchange Offer, the exchange agent for the Exchange Offer advised the company that $392,630,000, or 98.16%, of the unregistered Old Notes had been validly tendered, excluding Old Notes for which a notice of guaranteed delivery was received.

The Exchange Offer is subject to the terms and conditions set forth in the prospectus, dated March 4, 2005, and the corresponding letter of transmittal distributed in connection with the Exchange Offer. Other than the extension of the expiration date of the Exchange Offer, all other terms and conditions of the Exchange Offer set forth in such prospectus and letter of transmittal remain in full force and effect.

Anyone who would like to obtain copies of the prospectus and related documents, or with questions regarding the Exchange Offer, should contact BNY Midwest Trust Company, the exchange agent for the Exchange Offer, at (212) 815-5920.

Lear Corporation, a Fortune 500 company headquartered in Southfield, Mich., USA, focuses on integrating complete automotive interiors, including seat systems, interior trim and electrical systems. With annual net sales of $17 billion in 2004, Lear is one of the world's largest automotive interior systems suppliers. The company's world-class products are designed, engineered and manufactured by more than 110,000 employees in 34 countries. Further information about Lear and its products is available on the Internet at

Posted on 4/4/2005

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