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Fedders Declares Quarterly Dividends

CONTACT:
Robert Laurent, Jr.
(908) 604-8686
investorrelations@fedders.com

LIBERTY CORNER, New Jersey -- February 2, 2005 -- Fedders Corporation (NYSE: FJC), a leading global manufacturer of air treatment products, including air conditioners, air cleaners, dehumidifiers and humidifiers, and thermal technology products, today announced that its Board of Directors declared regular quarterly cash dividends of 3.0 cents on each share of outstanding Common Stock and Class B Stock and 53.75 cents on each share of outstanding Series A Cumulative Preferred Stock. The dividends will be payable on March 1, 2005 to stockholders of record as of the close of business on February 15, 2005.

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Fedders Corporation of Liberty Corner, N.J., provides air conditioning and other air treatment products for commercial and residential applications to markets worldwide. Product lines include residential central air conditioning systems, including condensing units, air handlers, gas furnaces, air cleaners, and humidifiers, as well as rooftop, vertical and horizontal packaged air conditioners and heat pumps for commercial, residential and telecommunications applications and also, appliance air treatment products.