ARM Holdings Plc (ARM)

[ScovilleUnits]

ArvinMeritor Notified by NYSE of Non-Compliance With a Listing Standard

Friday , March 20, 2009 16:30ET

TROY, Mich., March 20 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that on March 17, 2009, the company was notified by the New York Stock Exchange, Inc. (the "NYSE") that it has fallen below NYSE's continued listing standard related to total market capitalization and stockholders' equity. The NYSE requires that the average market capitalization of a listed company not be less than $75 million over a consecutive 30 trading-day period, when, at the same time, stockholders' equity is less than $75 million.

On March 20, 2009, the company notified the NYSE of its intent to cure this deficiency and to submit a plan to the NYSE, within the required 45 day period, to demonstrate its ability to achieve compliance with the continued listing standards. Under NYSE rules, if the NYSE accepts ArvinMeritor's plan, the company has 18 months from the date of the NYSE notice to cure this deficiency before the NYSE initiates suspension and delisting procedures. If the company is not compliant by that date, its common stock will be subject to suspension and delisting by the NYSE.

Under the NYSE rules, ArvinMeritor's common stock will continue to be listed on the NYSE during the cure period, subject to compliance with other NYSE continued listing requirements.

ArvinMeritor's business operations, credit agreement and other debt obligations are not affected by this notification.

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