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Tower Automotive, Inc. Completes Offering

4 June 1998

Tower Automotive, Inc. Completes Offering of $225 Million Convertible Trust Preferred Securities

    MINNEAPOLIS, June 4 -- Tower Automotive, Inc.
, today announced the offering by Tower Automotive Capital Trust,
a Delaware statutory business trust, of $225 million aggregate liquidation
preference amount of 6 3/4% Convertible Trust Preferred Securities.
Tower Automotive Capital Trust was formed by Tower Automotive, Inc.
for the sole purpose of issuing the Preferred Securities.  The Preferred
Securities are redeemable, in whole or in part, on or after June 30, 2001.
All outstanding Preferred Securities must be redeemed no later than June
30, 2018.  The Preferred Securities are convertible at the option of the
holder into Tower Automotive, Inc. common stock at a rate of 0.8140
shares of common stock for each Preferred Security (equivalent to a
conversion price of $61.425 per share).  Proceeds from the offering will be
used to repay outstanding indebtedness.
    The Preferred Securities were issued pursuant to a Rule 144A
private offering.  Neither the Preferred Securities nor the common stock
issuable upon the conversion of the Preferred Securities have been
registered under the Securities Act of 1933 (the "Act") and may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Act.  Donaldson,
Lufkin & Jenrette, Robert W. Baird, Merrill Lynch and PaineWebber
managed the offering.
    Tower Automotive, Inc., produces a broad range of assemblies and
modules for vehicle body structures and suspension systems for the
automotive manufacturers, including Ford, Chrysler, General Motors,
Honda, Toyota, Nissan, Mazda, Fiat, BMW, Volkswagen and Mercedes.
Products include body structural assemblies such as pillars and package
trays, control arms, suspension links, engine cradles and full frame
assemblies.  The company has its operating headquarters in Grand Rapids,
Mich., and a corporate office in Minneapolis, Minn.