SOUTHFIELD, MI -- Lear Corp. said today it has been advised by one of its biggest customers of retroactive pricing adjustments associated with a particular vehicle program for shipments made prior to 2006. Following the company's original earnings announcement on January 25, certain payments due to Lear in 2006 have been withheld as a result of these pricing adjustments. The vehicle program involved in this matter is no longer in production.

Lear is disagreeing with the proposed pricing adjustments and said it intends to dispute and seek recovery of the amounts withheld. The company has adjusted its previously reported financial earnings as a result.

The adjustment decreased both fourth quarter and full year 2005 net sales by $6 million and increased both fourth quarter and full year net loss by $6 million. The impact on basic and diluted net loss per share was 9 cents for both the fourth quarter and full year.

More information about the revisions to Lear's 2005 financial results are available in the Amended Current Report on Form 8-K/A to be filed by Lear today.

For more information about Lear, go to: www.lear.com .

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