Meritor Announces Execution of Fifth Supplemental Indenture to the Indenture Governing Its 8-1/8% Notes due 2015

 Meritor Announces Execution of Fifth Supplemental Indenture to the Indenture
                     Governing Its 8-1/8% Notes due 2015

PR Newswire

TROY, Mich., May 24, 2013

TROY, Mich., May 24, 2013 /PRNewswire-FirstCall/ --Meritor, Inc. (NYSE:
MTOR), announced today that it and the trustee under the indenture governing
its 8-1/8% Notes due 2015 (the "Notes") have executed a supplemental indenture
to effect proposed amendments to the indenture governing the Notes. Meritor
had previously announced that holders of a majority of the outstanding
principal amount of the Notes had tendered their Notes and delivered their
consents to the proposed amendments pursuant to its previously announced cash
tender offer and consent solicitation (the "Offer and Consent Solicitation").

The proposed amendments are described in the Offer to Purchase and Consent
Solicitation Statement dated May 7, 2013 (the "Offer to Purchase"), and a
related Consent and Letter of Transmittal (the "Letter of Transmittal"). The
amendments set forth in the supplemental indenture will not become operative
until Meritor has accepted for purchase a majority in aggregate principal
amount of such Notes pursuant to the terms of the Offer and Consent
Solicitation. A holder's right to withdraw tendered Notes and revoke
delivered consents expired at 5:00 p.m., New York City time, on May 17, 2013.

The Offer and Consent Solicitation will expire at 12:01 a.m., New York City
time, on June 5, 2013, unless extended or earlier terminated, and remains
subject to the satisfaction or waiver of certain conditions described in the
Offer to Purchase, including, among others, Meritor receiving proceeds from a
debt financing transaction sufficient to purchase and pay accrued interest on
all Notes validly tendered and accepted for purchase by Meritor and to pay all
fees and expenses in connection with the Offer and Consent Solicitation and
debt financing transaction.

Citigroup Global Markets Inc. is acting as the dealer manager and solicitation
agent for the Offer and Consent Solicitation. Global Bondholder Services
Corporation is acting as both the depositary and the information agent.
Persons with questions regarding the Offer and Consent Solicitation should
contact Citigroup Global Markets Inc. at (toll-free) (800)558-3745 or
(collect) (212)723-6106. Requests for copies of the Offer to Purchase,
Letter of Transmittal and other related materials should be directed to Global
Bondholder Services Corporation at (toll-free) (866) 937-2200 or (collect)
(212)430-3774.

None of Meritor or its affiliates, its board of directors, the dealer manager
and solicitation agent, the depositary and the information agent or the
trustee for the Notes, makes any recommendation as to whether holders of the
Notes should tender or refrain from tendering the Notes.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the Notes or any other securities, nor shall there be any
sale of the Notes or any other securities in any state in which such offer,
solicitation or sale would be unlawful. The Offer and Consent Solicitation is
made only through the use of the Offer to Purchase and the accompanying Letter
of Transmittal. The Offer and Consent Solicitation is not being made to
holders of Notes in any jurisdiction in which the making or acceptance thereof
would not be in compliance with the securities, blue sky or other laws of such
jurisdiction. In any jurisdiction in which the Offer and Consent Solicitation
is required to be made by a licensed broker or dealer, the Offer and Consent
Solicitation will be deemed to be made on behalf of Meritor by the dealer
manager or one or more registered brokers or dealers that are licensed under
the laws of such jurisdiction.

About Meritor, Inc.

Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking
and aftermarket solutions for commercial vehicle and industrial markets. With
more than a 100-year legacy of providing innovative products that offer
superior performance, efficiency and reliability, the company serves
commercial truck, trailer, off-highway, defense, specialty and aftermarket
customers in more than 70 countries. Meritor is based in Troy, Michigan,
United States, and is made up of more than 9,000 diverse employees who apply
their knowledge and skills in manufacturing facilities, engineering centers,
joint ventures, distribution centers and global offices in 19 countries.
Meritor's common stock is traded on the New York Stock Exchange under the
ticker symbol MTOR. For important information, visit the company's website at
meritor.com.

Forward Looking Statements

This press release contains statements relating to our future results
(including certain projections and business trends) that are "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are typically identified by words or phrases
such as "believe," "expect," "anticipate," "estimate," "should," "are likely
to be," "will" and similar expressions. Actual results may differ materially
from those projected as a result of certain risks and uncertainties, including
but not limited to failure to receive the Brazilian regulatory approvals
required to complete the sale of our ownership stake in Suspensys Sistemas
Automotivos Ltda. or to otherwise successfully complete the sale of such
ownership stake; failure to consummate our debt tender offer due to financing
or other conditions; reduced production for certain military programs and our
ability to secure new military programs as our primary military programs wind
down by design in future years; reliance on major original equipment
manufacturer ("OEM") customers and possible negative outcomes from contract
negotiations with our major customers, including failure to negotiate
acceptable terms in contract renewal negotiations, and our ability to obtain
new customers; the outcome of actual and potential product liability, warranty
and recall claims; our ability to successfully manage rapidly changing
volumes in the commercial truck markets and work with our customers to adjust
their demands in view of rapid changes in production levels; global economic
and market cycles and conditions; availability and sharply rising costs of raw
materials, including steel, and our ability to manage or recover such costs;
our ability to manage possible adverse effects on our European operations, or
financing arrangements related thereto, in the event one or more countries
exit the European monetary union; risks inherent in operating abroad
(including foreign currency exchange rates, implications of foreign
regulations relating to pensions and potential disruption of production and
supply due to terrorist attacks or acts of aggression); rising costs of
pension and other postretirement benefits; the ability to achieve the expected
benefits of restructuring actions; the demand for commercial and specialty
vehicles for which we supply products; whether our liquidity will be affected
by declining vehicle productions in the future; OEM program delays; demand for
and market acceptance of new and existing products; successful development of
new products; labor relations of our company, our suppliers and customers,
including potential disruptions in supply of parts to our facilities or demand
for our products due to work stoppages; the financial condition of our
suppliers and customers, including potential bankruptcies; possible adverse
effects of any future suspension of normal trade credit terms by our
suppliers; potential difficulties competing with companies that have avoided
their existing contracts in bankruptcy and reorganization proceedings;
potential impairment of long-lived assets, including goodwill; potential
adjustment of the value of deferred tax assets; competitive product and
pricing pressures; the amount of our debt; our ability to continue to comply
with covenants in our financing agreements; our ability to access capital
markets; credit ratings of our debt; the outcome of existing and any future
legal proceedings, including any litigation with respect to environmental or
asbestos-related matters; and possible changes in accounting rules;  as well
as other substantial costs, risks and uncertainties, including but not limited
to those detailed herein and in our Annual Report on Form 10-K for the year
ended September 30, 2012, as amended, and from time to time in our other
filings with the SEC. See also the following portions of our Annual Report on
Form 10-K for the year ended September 30, 2012, as amended: Item 1. Business,
"Customers; Sales and Marketing"; "Competition"; "Raw Materials and Supplies";
"Employees"; "Environmental Matters"; "International Operations"; and
"Seasonality; Cyclicality"; Item 1A. Risk Factors; Item 3. Legal Proceedings;
and Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations. These forward-looking statements are made only as of
the respective dates on which they were made, and we undertake no obligation
to update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise required by law.

(Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO )

SOURCE Meritor, Inc.

Website: http://www.meritor.com
Contact: Media Inquiries: Robert Herta, (248) 435-1185,
robert.herta@meritor.com, or Investor Inquiries: Christy Daehnert, (248)
435-9426, christy.daehnert@meritor.com
 
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