Date: 2013-08-01

Dana Receives Court Approval to Solicit Votes on Plan of Reorganization

Dana Receives Court Approval to Solicit Votes on Plan of Reorganization

Dana Corporation (OTC: DCNAQ) (BULLETIN BOARD: DCNAQ) today announced that the Honorable Burton R. Lifland of the United States Bankruptcy Court for the Southern District of New York approved the Disclosure Statement filed in connection with the company's proposed Plan of Reorganization and authorized Dana to begin soliciting votes from its creditors on its Plan of Reorganization. The Court determined that Dana's Disclosure Statement contains adequate information for creditors who are entitled to vote on the company's Plan of Reorganization.

Dana's confirmation hearing for the Bankruptcy Court to consider approval of the Plan of Reorganization is scheduled to commence on December 10, 2007.

In approximately one week, Dana expects to begin mailing notices of the proposed confirmation hearing to qualified claim holders, and begin the process of soliciting approvals for the Plan of Reorganization.

Dana's Plan of Reorganization and Disclosure Statement are available at: http://dana.bmcgroup.com/.

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