Federal-Mogul Extends Rights Offering

Federal-Mogul Corporation

("Federal-Mogul") announced today that a market-maker has received regulatory clearance to commence market making with respect to the transferrable subscription rights distributed in the Company's previously announced common stock rights offering.  The Company understands that the subscription rights will begin trading on or about June 26, 2013 on the OTC Bulletin Board under the symbol "FMOGR." Accordingly, in order to provide rights holders with additional time to transfer their subscription rights, the Company has further extended the expiration date of its rights offering from July 1, 2013 to 5:00 p.m. Eastern Daylight Time on July 9, 2013.  In addition, due to volatile market conditions, the Company continues to defer its debt refinancing activities.  The Company will continue to evaluate market conditions and other relevant factors in connection with the potential refinancing of all or a portion of the Company's outstanding indebtedness.  There can be no assurances as to the ultimate timing or terms of any such refinancing.  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).