Summary Notice of Pendency of Class Action and Settlement with Deloitte & Touche LLP

DETROIT, Feb. 20 /PRNewswire/ -- The following statement is being issued by Bernstein Litowitz Berger & Grossmann LLP; Grant & Eisenhofer P.A.; Nix, Patterson & Roach, L.L.P. and Schiffrin Barroway Topaz & Kessler, LLP regarding the In Re: Delphi Corporation Securities, Derivative & "ERISA" Litigation.

                         UNITED STATES DISTRICT COURT
                         EASTERN DISTRICT OF MICHIGAN
                              SOUTHERN DIVISION

    -------------------------------------x
                                           MDL No. 1725
                                           Master Case No. 05-md-1725
    IN RE: DELPHI CORPORATION SECURITIES,  Hon. Gerald E. Rosen
    DERIVATIVE & "ERISA" LITIGATION
                                           This Document Relates to: In Re:
                                           Delphi Corp. Securities Litig. No.
                                           06-10026, and Case Nos. 06-10025,
                                           06-10027, 06-10028, 06-10029,
                                           06-10030, 06-10031, and 06-10032
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                  SUMMARY NOTICE OF PENDENCY OF CLASS ACTION
                  AND SETTLEMENT WITH DELOITTE & TOUCHE LLP

YOU ARE HEREBY NOTIFIED that the Court in the above-captioned actions (the "Delphi Securities Action") has preliminarily certified a Class consisting of all persons and entities who purchased or otherwise acquired publicly traded securities of Delphi Corporation, including securities issued by Delphi Trust I and Delphi Trust II ("Delphi Securities") between March 7, 2000 and March 3, 2005, inclusive (the "Class Period"), and who suffered damages thereby, including all persons and entities who acquired shares of Delphi common stock and preferred stock in the secondary market and all persons or entities who acquired debt securities of Delphi in the secondary market or pursuant to a registration statement. The Court also preliminarily approved a settlement providing for a recovery of $38,250,000 ("Deloitte & Touche Settlement Amount") to be paid by Deloitte & Touche LLP (a Delaware limited liability partnership) ("Deloitte & Touche") ("Deloitte & Touche Settlement"). The Class will also receive interest on the Deloitte & Touche Settlement Amount. A more detailed description of the Deloitte & Touche Settlement is provided in the full printed Notice of Proposed Settlement With Deloitte & Touche LLP, Motion for Attorneys' Fees and Reimbursement of Expenses and Fairness Hearing (the "Deloitte & Touche Notice").

A hearing will be held before the Honorable Gerald E. Rosen in the United States District Court for the Eastern District of Michigan, Southern Division, Theodore Levin Courthouse, 231 W. Lafayette Blvd., Detroit, Michigan, 48226 in Courtroom 733, at 10:00 a.m., on April 29, 2008 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) Co-Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved; (3) the claims against Deloitte & Touche should be dismissed with prejudice; and (4) such other matters as the Court deems appropriate to rule upon.

IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE NET DELOITTE & TOUCHE SETTLEMENT FUND. If you have not yet received the full printed Deloitte & Touche Notice and/or the Proof of Claim and Release form ("Proof of Claim") that was previously disseminated in connection with the settlement with the Delphi Defendants and the Underwriter Defendants, you may obtain copies of either of these documents by downloading them from the website www.delphiclasssettlement.com or by contacting:

          In re Delphi Corporation Securities Litigation Settlement
                       c/o The Garden City Group, Inc.
                             Claims Administrator
                                P.O. Box 9185
                            Dublin, OH 43017-4185

Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Co-Lead Counsel:

    Bradley E. Beckworth, Esq.                Jeffrey N. Leibell, Esq.
    Nix, Patterson &                          Bernstein Litowitz Berger &
    Roach, L.L.P.                             Grossmann, LLP
    205 Linda Drive                           1285 Avenue of the Americas
    Daingerfield, TX 75638                    New York, NY 10019


    Sean Handler, Esq.                        Stuart Grant, Esq.
    Schiffrin Barroway Topaz &                Grant & Eisenhofer P.A.
    Kessler, LLP                              Chase Manhattan Centre,
    280 King of Prussia Road                  Suite 2100
    Radnor, PA 19087                          1201 N. Market Street
                                              Wilmington, DE 19801

To participate in the Deloitte & Touche Settlement, you either must: i) have submitted a valid Proof of Claim in connection with the Delphi Settlement or ii) submit a valid Proof of Claim to the Claims Administrator, at the address indicated in the Notice, postmarked not later than May 30, 2008. The deadline for filing objections and for the receipt of requests for exclusions is April 15, 2008.

Further information may also be obtained by directing your inquiry in writing to the Claims Administrator, The Garden City Group, Inc., at the address listed above. You may also call 1-800-918-0998, toll-free for more information.

                                    By Order of The Court