Federal-Mogul Releases 1998 Quarterly Pro Forma Sales

and Operational EBIT Southfield, Mich. (PROTEXT) - Federal-Mogul Corporation (NYSE:FMO) today released 1998 pro forma sales and operational EBIT.The numbers reflect the company's results for 1998, adjusted forthe full year effect of acquisitions and divestitures. Theacquisitions included: T&N, Fel- Pro, the automotive businessesof Cooper Industries, Bimet, KFM Bearing, Glockler, Tri-Way andCamshaft Machine. Divestitures included: Glacier Vandervell, HeatTransfer, Fel-Pro Chemical and the remaining Federal-Mogul retailoperations.

Federal-Mogul Pro Forma* Sales and Operational Earnings

Year Ended December 31, 1998

Quarter 1

Quarter 2

Quarter 3 Quarter 4Year Sales ($ million) $1,624

$1,679

$1,575

$1,571$6,449 Operational EBIT ($ million) $168

$179

$181

$191$719 * Assumes all acquisitions and divestitures were in place fora full year. 1998 operational EBIT numbers include $51 million in synergythe company achieved as a result of acquisition activity. "We remain on track to realize $225 million in incremental1999 synergy as previously disclosed," said Thomas W. Ryan,executive vice president and chief financial officer. "Theincremental synergy combined with $150 million in net new 1999business announced on April 28 should contribute to healthy 1999results." Headquartered in Southfield, Michigan, Federal-Mogul is anautomotive parts manufacturer providing innovative solutions andsystems to global customers in the automotive, light truck,heavy-duty, and farm and industrial markets. The company wasfounded in 1899. Visit the company's web site athttp://www.federal-mogul.com for more information. Federal-Mogul's press releases are available by fax through Company NewsOn-Call, call 800-758-5804, ext. 306225. Information in this press release contains forward-lookingstatements under the private Securities Litigation Reform Act of1995. Actual results, events and performance could differmaterially from those contemplated by these statements such asthe timing of new business development, conditions in theautomotive components industry and other factors discussed in thecompany's 1998 Annual Report on Form 10-K and other filings withthe Securities and Exchange Commission. ots Original TextService: Federal-Mogul Corporation Internet:http://www.newsaktuell.de Contact: Kimberly A. Welch ofFederal-Mogul Tel.: (in the USA) 248-354-1916 Company News On-Call: http://www.prnewswire.com/comp/306225.html or fax, 800-758-5804, ext. 306225 Web site: http://www.federal-mogul.com

Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.