Federal-Mogul Corporation : Federal-Mogul Announces Completion of Rights Offering

   Federal-Mogul Corporation : Federal-Mogul Announces Completion of Rights

Southfield, Michigan, July 11, 2013 . Federal-Mogul Corporation  (NASDAQ:FDML) 
("Federal-Mogul") today announced the  completion of its previously  announced 
common stock rights offering. The subscription period for the rights offering
expired at 5:00 p.m.,  Eastern Daylight Time, on  July 9, 2013.  Subscription 
rights to purchase 51,124,744 shares of Federal-Mogul's common stock (the full
amount of the offering) were exercised. The rights offering resulted in gross
proceeds to Federal-Mogul of approximately $500 million.

Any questions regarding the rights offering should be directed to D.F. King  & 
Co.  Inc.,  the  Information  Agent  for  the  rights  offering,  by   calling 
1-800-901-0068 (toll-free) or 1-212-269-5550 (collect).

The rights offering  was made pursuant  to a shelf  registration statement  on 
Form S-3 that was previously filed with the Securities and Exchange Commission
(the "SEC") and became effective on May 1, 2013. The rights offering was made
solely by means of the prospectus and prospectus supplement, as amended,  that 
was filed with the SEC on June 7, 2013.

This press release shall not constitute  an offer to sell or the  solicitation 
of an offer to buy any securities, nor shall there be any offer,  solicitation 
or sale of securities in any state  in which such offer, solicitation or  sale 
would be unlawful prior to registration or qualification under the  securities 
laws of any such state.

About Federal-Mogul

Federal-Mogul Corporation  (NASDAQ:  FDML) is  a  leading global  supplier  of 
products and services to the  world's manufacturers and servicers of  vehicles 
and equipment  in the  automotive, light,  medium and  heavy-duty  commercial, 
marine,  rail,  aerospace,  power  generation  and  industrial  markets.   The 
company's  products  and  services  enable  improved  fuel  economy,   reduced 
emissions and enhanced vehicle safety.

Federal-Mogul operates two  independent business segments,  each with a  chief 
executive  officer   reporting   to  Federal-Mogul's   Board   of   Directors. 
Federal-Mogul's Powertrain Segment designs and manufactures original equipment
powertrain  components  and  systems   protection  products  for   automotive, 
heavy-duty, industrial and transport applications.

Federal-Mogul's Vehicle  Components  Segment  sells and  distributes  a  broad 
portfolio of products  through more  than 20  of the  world's most  recognized 
brands  in  the  global  vehicle  aftermarket,  while  also  serving  original 
equipment vehicle  manufacturers  with products  including  braking,  chassis, 
wipers and other vehicle components. The company's aftermarket brands  include 
ANCO^® wiper  blades;  Champion^®  spark  plugs,  wipers  and  filters;  AE^®, 
Fel-Pro^®, FP Diesel^®, Goetze^®, Glyco^®, Nüral^®, Payen^® and Sealed Power^®
engine products;  MOOG^®  steering  and suspension  parts;  and  Ferodo^®  and 
Wagner^® brake products.  Federal-Mogul was  founded in Detroit  in 1899.  The 
company employs 45,000 people in 34 countries, and its worldwide  headquarters 
is in Southfield, Michigan, United States. For more information, please  visit 

Forward-Looking Statements

Statements contained in  this press  release, which are  not historical  fact, 
constitute "Forward-Looking Statements." Actual results may differ  materially 
due to numerous important factors  that are described in Federal-Mogul's  most 
recent report to the SEC on Form 10-K, which may be revised or supplemented in
subsequent reports to the  SEC on Forms 10-Q  and 8-K. Such factors  include, 
among  others,  fluctuations  in  domestic  or  foreign  vehicle   production; 
fluctuations in the demand for  vehicles containing our products; the  ability 
to refinance the Company's outstanding indebtedness on commercially reasonable
terms or at all; the ability to successfully complete the rights offering  and 
the possible effects of the rights offering on the Company's stockholders; the
Company's ability to  generate cost savings  or manufacturing efficiencies  to 
offset or exceed contractually or  competitively required price reductions  or 
price reductions to obtain new business; the costs, timing and success of  the 
Company's restructuring actions;  conditions in the  automotive industry;  the 
success of the company's segmentation  and corresponding effects; and  general 
global and  regional economic  conditions. Federal-Mogul  does not  intend  or 
assume any obligation to update any forward-looking statements.

CONTACTS: Steve Gaut (248) 354-7826 for investor and media questions


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Federal-Mogul Corporation via Thomson Reuters ONE
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