Tenneco Automotive Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release

January 12, 2000

 
TENNECO AUTOMOTIVE BOARD ANNOUNCES FIRST QUARTER DIVIDEND; SETS ANNUAL SHAREHOLDER MEETING FOR MAY 9, 2000

LAKE FOREST, Ill.--(BUSINESS WIRE)--Jan. 12, 2000--Tenneco Automotive Inc. announced today that its board of directors has declared a first quarter dividend of 5 cents per share on its common stock. The dividend is payable on March 14, 2000 to shareholders of record at the close of business on February 25, 2000.

The company also announced today that its board of directors has scheduled the corporation's annual meeting of shareholders for Tuesday, May 9, 2000. The meeting will be held in the Chicago metropolitan area. The exact time and location will be announced at a later date.

The record date for shareholders to vote at the meeting is March 17, 2000.

Tenneco Automotive is a $3.2 billion manufacturing company headquartered in Lake Forest, Ill., with 24,000 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe(R) and Walker(R) global brand names. Among its products are Sensa-Trac(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(TM) mufflers and DynoMax(TM) performance exhaust products, and Monroe(R) Clevite(TM) vibration control components.

 

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