AKRON, Ohio, September 22, 2009 – The Goodyear Tire & Rubber Company today announced that its Luxembourg-headquartered Goodyear S.A. subsidiary will commence a cash tender offer to acquire any and all outstanding shares of Polish tire company TC Debica for 59.52 PLN per share.

Goodyear S.A. currently owns 65.99 percent of TC Debica’s 13.8 million outstanding shares. 

Goodyear S.A. today filed an announcement of the intention to launch the tender offer with the Polish Financial Supervision Commission and the Warsaw Stock Exchange outlining the terms and conditions of the tender offer. In accordance with Polish regulations, the acceptance period for the tender offer will begin on October 12 and conclude at the close of business in Poland on November 10, 2009.

The transaction will be funded with Goodyear’s cash and available credit.

Goodyear S.A. has retained UniCredit CAIB Poland S.A. to serve as the intermediary for the tender offer. Questions regarding the tender offer and requests for the tender offer statement and other documents may be directed to UniCredit at 48 22 586 29 99, or in writing at ul. Emilii Plater 53, 00-113 Warsaw, Poland.

TC Debica is a contract manufacturer for Goodyear. Approximately 80 percent of the tires it produces are sold to Goodyear or Goodyear subsidiaries under various Goodyear brands. Most of the rest are sold by TC Debica in Poland under the Debica brand. Goodyear S.A. acquired 59.87 percent of TC Debica’s stock in December 1995 and an additional 6.12 percent in March 2008.

This press release shall not constitute an offer to buy or a solicitation of an offer to sell shares of TC Debica or any other securities. Nor shall there be any purchase or sale of securities in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of any such jurisdiction. The offer shall be made only by the tender offer statement referred to above. None of Goodyear S.A., The Goodyear Tire & Rubber Company, UniCredit CAIB Poland S.A., or their respective directors or officers makes any recommendation as to whether shareholders of TC Debica should tender or refrain from tendering their shares.

Goodyear is one of the world’s largest tire companies. It employs nearly 70,000 people and manufactures its products in more than 60 facilities in 25 countries around the world. For more information about Goodyear, go to www.goodyear.com/corporate.