26th September 2008 - Affinia Announces Suspending Refinancing Plans Due to Current Market Conditions

Affinia Group Inc., a global leader in the on- and off-highway replacement products and service industry, announced today that it will suspend its previously-announced plans to syndicate a $340 million asset-based revolving credit facility (the “ABL Revolver”) and to offer an aggregate principal amount of up to $200 million of senior secured notes (the “Notes”) in a private placement.

Given recent volatility in the capital markets, Affinia Group Inc. has voluntarily chosen to suspend this proposed refinancing and may consider refinancing alternatives in the future, as market conditions allow. The net proceeds from the proposed offering of the Notes, together with proceeds of borrowings under the ABL Revolver, would have been used to repay all amounts outstanding under its existing senior secured credit facility and to finance the acquisition of HBM Investment Limited, a Hong Kong company, and its wholly-owned subsidiary, Longkou Haimeng Machinery Company Limited ("Haimeng"). The acquisition of Haimeng is expected to proceed as planned and is expected to close in the 4th quarter of this year.

About Affinia

Affinia Group Inc. is a global leader in the on- and off-highway replacement products and service industry. In North America the Affinia family of brands includes WIX® filters, Raybestos® , AIMCO® and BrakePro®  brake products, and McQuay-Norris® and Spicer® chassis parts. South American and European brands include Nakata®, Filtron®, Urba® and Quinton Hazell®

Source: Affinia Group Press Release