Lear Completes Financial Reorganization and New Common Shares Will Begin Trading on the NYSE

Lear Completes Financial Reorganization and New Common Shares Will Begin
Trading on the NYSE
Company Emerges from Chapter 11 with a Strong and Flexible Capital Structure,
Including over $1 Billion in Cash

SOUTHFIELD, Mich., Nov. 9 /PRNewswire-FirstCall/ -- Lear Corporation, a
leading global supplier of automotive seating systems, electrical distribution
systems and electronic products, announced today that it has successfully
emerged from its court-supervised financial reorganization with a strong and
flexible balance sheet, positive operating results in the Third Quarter, a
growing sales backlog and a robust competitive profile.

The Company also announced that its new common stock will be listed on the New
York Stock Exchange under its historical NYSE stock symbol "LEA" and will
begin trading on a "when issued" basis (LEA WI) today. The Company expects
its common shares to begin "regular way" trading within several days
thereafter.

"We have moved through the financial restructuring process without missing a
beat operationally. We have continued to win new business globally,
strengthened our industry-leading global capabilities and the spirit of the
Lear team has never been more positive," said Bob Rossiter, Lear's Chairman,
Chief Executive Officer and President. "Our customer relationships remain the
best in the industry, allowing us to continue winning new business in every
region of the world."

Lear said its present net sales backlog totals $1.4 billion for 2010 to 2012,
which is approximately 25% higher than the prior status, despite lower
industry production levels. The new backlog also represents continued
diversification of Lear's sales, with 40% in its Seating business and 60% in
its growing Electrical and Electronic business. Moreover, more than half of
Lear's new business comes from outside North America.

As a result of the financial reorganization, Lear has reduced its debt
obligations by approximately $2.8 billion and emerged with a strong and
flexible balance sheet. With over $1 billion in cash, Lear has available
liquidity to support its global operating needs and growth plans. Upon exit,
Lear has less than $1 billion of debt at competitive interest rates and no
near-term maturities.

"Moving forward, we are committed to maintaining a disciplined financial
profile and an investment grade focus that will enable us to continue
investing in new products and technologies globally, as well as growth in
emerging markets," Mr. Rossiter said.

"As a result of our multi-year business transformation, we have streamlined
our global cost footprint and improved our operating efficiency in every
region of the world. Going forward, we have a focused overall plan to drive
further sales growth and improved margins."

Mr. Rossiter concluded, "Thanks to the hard work and dedication of our
employees, we moved through our financial restructuring expeditiously and
without compromising the fundamentals that make Lear a global industry leader
- our unrelenting focus on quality, our unwavering commitment to customer
satisfaction, and the most talented team in the business. When you add to
that our strong balance sheet, competitive cost structure, and focused growth
strategy, we are ideally positioned to continue our business momentum and to
benefit from an industry recovery."

Investor Conference Call

Lear will webcast a conference call to review the Company's third-quarter 2009
financial results and related matters on Wednesday, November 11, 2009, at 1:00
p.m. eastern time through the Investor Relations link at http://www.lear.com.
In addition, the conference call can be accessed by dialing 1-800-789-4751
(domestic) or 1-973-200-3975 (international). Audio replays will be available
two hours following the call at 1-800-642-1687 (domestic) or 1-706-645-9291
(international) and will be available until November 25, 2009, with a
Conference I.D. of 38924117.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including statements
regarding anticipated financial results and liquidity. Actual results may
differ materially from anticipated results as a result of certain risks and
uncertainties, including but not limited to: the potential adverse impacts of
the filing of the chapter 11 bankruptcy proceedings on the Company's business,
financial condition or results of operations that could continue or arise
following the effective date of the plan of reorganization; the anticipated
future performance of the reorganized Company, including, without limitation,
the Company's ability to maintain or increase revenue or gross margins,
control future operating expenses or make necessary capital expenditures;
general economic conditions in the markets in which the Company operates,
including changes in interest rates or currency exchange rates, the financial
condition and restructuring actions of the Company's customers and suppliers;
changes in actual industry vehicle production levels from the Company's
current estimates; fluctuations in the production of vehicles for which the
Company is a supplier; the loss of business with respect to, or the lack of
commercial success of, a vehicle model for which the Company is a significant
supplier, including further declines in sales of full-size pickup trucks and
large sport utility vehicles; disruptions in the relationships with the
Company's suppliers; labor disputes involving the Company or its significant
customers or suppliers or that otherwise affect the Company; the Company's
ability to achieve cost reductions that offset or exceed customer-mandated
selling price reductions; the outcome of customer negotiations; the impact and
timing of program launch costs; the costs, timing and success of restructuring
actions; increases in the Company's warranty or product liability costs; risks
associated with conducting business in foreign countries; competitive
conditions impacting the Company's key customers and suppliers; the cost and
availability of raw materials and energy; the Company's ability to mitigate
increases in raw material, energy and commodity costs; the outcome of legal or
regulatory proceedings to which the Company is or may become a party;
unanticipated changes in cash flow, including the Company's ability to align
its vendor payment terms with those of its customers; further impairment
charges initiated by adverse industry or market developments; the impact and
duration of domestic and foreign government initiatives designed to assist the
automotive industry; and other risks described from time to time in the
Company's Securities and Exchange Commission filings. Future operating
results will be based on various factors, including actual industry production
volumes, commodity prices and the Company's success in implementing its
operating strategy.

This press release also contains information on the Company's sales backlog.
The Company's incremental sales backlog reflects anticipated net sales from
formally awarded new programs and open replacement programs, less phased-out
and cancelled programs. The calculation of backlog does not reflect customer
price reductions on existing or newly awarded programs. The backlog may be
impacted by various assumptions embedded in the calculation, including vehicle
production levels on new and replacement programs, foreign exchange rates and
the timing of major program launches. Lear's 2010 to 2012 consolidated sales
backlog is based on an exchange rate of $1.40/per Euro and current forecasted
industry production assumptions by major market provided by CSM Worldwide.

The forward-looking statements in this press release are made as of the date
hereof, and the Company does not assume any obligation to update, amend or
clarify them to reflect events, new information or circumstances occurring
after the date hereof.

Lear Corporation is one of the world's leading suppliers of automotive seating
systems, electrical distribution systems and electronic products. The
Company's world-class products are designed, engineered and manufactured by a
diverse team of approximately 75,000 employees at 205 facilities in 36
countries. Lear's headquarters are in Southfield, Michigan, and Lear's new
common shares will be traded on the New York Stock Exchange under the symbol
[LEA]. Further information about Lear is available on the Internet at
http://www.Lear.com.

SOURCE Lear Corporation

Mel Stephens, Lear Corporation, +1-248-447-1624