Tenneco Announces Share Repurchase Program

  Tenneco Announces Share Repurchase Program

Business Wire

LAKE FOREST, Ill. -- January 17, 2013

Tenneco Inc. (NYSE: TEN) announced that the company’s board of directors has
approved a share repurchase program, authorizing the repurchase of up to
550,000 shares of the company’s outstanding common stock over the next 12
months. The repurchase program is intended to offset dilution from shares of
restricted stock and stock options that were issued to employees in 2013 under
Tenneco’s long-term compensation plan.

Tenneco has completed similar repurchases of common stock in 2011 and 2012
while remaining committed to further improving its financial position and
investing in strategic initiatives.

The company anticipates acquiring the shares through open market or privately
negotiated transactions, which will be funded through cash from operations.
The repurchase program does not obligate Tenneco to make repurchases at any
specific time or situation.

Tenneco is a $7.2 billion global manufacturing company with headquarters in
Lake Forest, Illinois and approximately 24,000 employees worldwide. Tenneco is
one of the world’s largest designers, manufacturers and marketers of emission
control and ride control products and systems for the automotive and
commercial vehicle original equipment markets and the aftermarket. Tenneco
markets its products principally under the Monroe®, Walker® and
Clevite®Elastomer brand names.

This press release contains or may contain forward-looking statements. Words
such as “anticipates,” “expects,” “will,” and similar expressions identify
forward-looking statements. These forward-looking statements are based on the
current expectations of the company (including its subsidiaries). Because
these forward-looking statements involve risks and uncertainties, the
company's plans, actions and actual results could differ materially. Please
see the company’s filings with the SEC for further information, including the
Safe Harbor Statement and Risk Factors in the company’s 10-K. The company
undertakes no obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.

Contact:

Tenneco Inc.
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com
or
Bill Dawson
Media inquiries
847 482-5807
bdawson@tenneco.com