Lear Corporation is Y2K Ready

SOUTHFIELD, Mich. (PROTEXT) - Lear Corporation (NYSE: LEA)today issued a statement confirming the company's Year 2000 (Y2K)preparedness. "Lear is ready for the new millennium and any indication tothe contrary is erroneous and without merit," said Lear ChiefInformation Officer and Vice President - Information TechnologyJohn Crary. "All of the company's business critical elementsinvolving information technology - including manufacturing sitecomputer systems - were completed and tested as of September 30,1999. "Lear launched its Y2K readiness effort in 1996 and also wasan early and active participant in the development of the Y2Kprogram guidelines established by the Automotive Industry ActionGroup (AIAG), the independent organization that is directing theindustry's Y2K preparedness strategy," Crary said. "Lear hasplayed an ongoing leadership role in the AIAG's Y2K effort andJim Lloyd, Lear Vice President - Information Technology,currently serves as AIAG Chairman of the Board. "An assessment of Lear's readiness based on a recentconsultant's report in which Y2K expenditures are related toreadiness, fails to account for the significant computer upgradeswe have made in line with trends in the automotive industry andas part of the investments we've made over the past several yearsin our information technology program," he said. Lear's Information Technology staff members have been a partof the Y2K teams assembled by each of the global automotivemanufacturers that make up Lear's customer base, traveling toLear plant sites around the world to validate the company'sreadiness. Lear also has been instrumental in monitoring the Y2Kcompliance of the company's supply base. Lear Corporation, a Fortune 200 company headquartered inSouthfield, Michigan, USA, is the world's largest supplier ofautomotive interiors, with 1998 proforma sales of more than $12billion. The company's world-class products are designed,engineered and manufactured by more than 100,000 employees inover 300 facilities located in 33 countries. Information aboutLear and its products is available on the Internet athttp://www.lear.com ots Original Text Service: Lear CorporationInternet: http://www.newsaktuell.de Contact: Media: KarenStewart-Spica, Director of Corporate Communications, 248-447-1651, or Analysts: Jody Glancy, Director of Investor Relations,248-447-5906, both of Lear Corporation Company News On-Call:http://www.prnewswire.com/comp/518304.html or fax, 800-758-5804,ext. 518304 Web site: http://www.lear.com

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