Lear Corp. (LEA)

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NYSE to Suspend Trading in Lear Corporation Moves to Remove from the List


NEW YORK, July 2, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Lear Corporation (the “Company”) – ticker symbol LEA – should be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing. This decision was reached in view of the Company’s July 1, 2009 announcement that it has reached an agreement in principle regarding a consensual debt restructuring with steering committees representing its secured lenders and its bondholders. The Company plans to commence shortly the proposed restructuring under court supervision pursuant to a voluntary bankruptcy filing under Chapter 11 of the United States Bankruptcy Code by the Company and certain of its U.S. and Canadian subsidiaries.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.



Company contact:
Mel Stephens