Cut copy paste from news and information of FEDERAL MAGUL (Refernce http://www.federal-mogul.com/en)

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“Net income of $90 million in Q2 2008 up from $4 million in Q2 2007

Record net sales of $2 billion and eighth consecutive quarter of year-over-year growth

Federal-Mogul’s Operational EBITDA1 was $257 million or 12.9 percent of sales,

Compared to $212 million or 12.0 percent of sales during the same period in 2007, representing

An increase of $45 million or 21 percent. The company recorded net income of $90 million or earnings per share of $0.90, up from $4 million in second quarter 2007.

Three Months Ended Six Months Ended

June 30 June 30

2008 2007 2008 2007

Net sales $1,995 $1,763 $3,854 $3,480

Gross margin 396 322 662 630

Adjusted gross margin 2 396 322 730 630

Selling, general and administrative expenses (212) (213) (421) (420)

Net income 90 4 58 9

Adjusted net income 3 90 4 121 9

Operational EBITDA 1 257 212 462 412

The company achieved 50 percent growth in sales to customers in BRIC (Brazil, Russia, India and China) markets during the quarter.

Operational EBITDA1 increased 12 percent, or $50 million, to $462 million in the first half of

2008, as compared to $412 million in the same period the prior year”

Anouncement of Federal Mogul India

Federal-Mogul - Outcome of Board Meeting

DATED : July 29,2008 5:05:33 PM

The Board of Directors has approved and adopted the Draft Letter of Offer for Rights Issue for Rs 1300 Millions”

Query: Is it really a turn around incident? How far the stock can go up from hereon?

SPLENDID INFORMATION