Cooper Tire Liquidates Investment in Kumho Tire

FINDLAY, Ohio, Aug. 5, 2008 -- Cooper Tire & Rubber Company announced today it has liquidated its investment in Kumho Tire Company. The transaction includes payment of $107 million plus interest from the initial due date of May 31, 2008.

Cooper Tire acquired an 11 percent interest in the common equity of Kumho in early 2005, when Kumho's initial public offering became available on the Korea and London stock exchanges.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company is a global company that specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck tires and subsidiaries that specialize in motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has manufacturing, sales, distribution, technical and design facilities within its family of companies located in 10 countries around the world.