Cooper Tire & Rubber Company Announces Tentative Agreement with Local 207L

FINDLAY, Ohio, Dec. 3 /PRNewswire-FirstCall/ — Cooper Tire & Rubber
Company (NYSE: CTB) today announced that a tentative agreement has been
reached between Cooper Tire and the United Steelworkers of America Local 207L.
If ratified by union members, the new contract is set to expire in three
years. The new agreement brings an end to weeks of negotiations since the
previous contract expired Oct. 31. Work continued at the Findlay manufacturing
facility during the negotiation process.

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Commenting on the tentative agreement, Jack Hamilton, Findlay plant
manager, said, “The agreement, if approved, will position the Findlay plant in
a competitive manner which is especially important while we are finalizing the
network capacity study.”

Rod Nelson, president of United Steelworkers Local 207L, added, “Over the
years, the Findlay plant has stepped up to meet the challenges. We have done
so again to secure our jobs in today’s environment by balancing job security
with a need to be competitive in the industry.”

At 9 a.m. Dec. 5, there will be an informational meeting for the United
Steelworkers Local 207L hourly workers at Winebrenner Theological Seminary,
950 N. Main St., Findlay. Voting instructions will be discussed at the
meeting.

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. For more information, visit Cooper
Tire’s web site at: www.coopertire.com.

SOURCE Cooper Tire & Rubber Company