TRW Board Advises Shareholders to Take No Action at This Time in Response To Northrop Grumman’s Commencement of Exchange Offer

TRW Inc. has been
advised that Northrop Grumman Corporation commenced an unsolicited
exchange offer.
TRW’s Board of Directors will review the Northrop Grumman
exchange offer in order to determine the appropriate course, which will serve
the best interests of TRW’s shareholders.
Shareholders are urged to take no
action at this time and await the recommendation of TRW’s directors.
The TRW
Board will make its recommendation with respect to the Northrop Grumman offer
no later than the close of business on March 15, 2002.

TRW provides advanced-technology products and services for the aerospace,
systems, and automotive markets.