The LTV Corporation Announces Appointment of Chief Financial Officer

    CLEVELAND, Aug. 30 The LTV Corporation
(OTC Bulletin Board: LTVCQ) today announced the appointment of Thomas L.
Garrett, Jr. to the position of senior vice president and chief financial
officer, effective September 4, 2001.  Before joining LTV, Mr. Garrett was
senior vice president and chief financial officer of the Service Merchandise
Company, treasurer of Magma Copper Company, and director, treasury of the
Goodyear Tire and Rubber Company.  Mr. Garrett is a 1974 summa cum laude
graduate of the University of Akron.  He will report to William H. Bricker,
chairman and chief executive officer.
    Mr. Garrett will replace George T. Henning, vice president and chief
financial officer.
    "Tom Garrett has a broad range of professional experience in manufacturing
and metals production.  He also is familiar with the challenges facing
companies operating in chapter 11.  We are very pleased to add a professional
of Tom's caliber to the dedicated team of managers working to restore LTV to
viability and success," said William H. Bricker.
    "We are very grateful to George Henning for his outstanding leadership and
service to LTV at a most critical time in its history," Mr. Bricker said.  He
added that Mr. Henning, who will retire at the end of 2001, had agreed to
remain with LTV through the end of the year as vice president-finance to
affect a smooth transition of the CFO function.
    The LTV Corporation is a manufacturing company with interests in steel and
metal fabrication.  LTV's Integrated Steel segment is a leading producer of
high-quality, value-added flat rolled steel, and a major supplier to the
transportation, appliance, electrical equipment and service center industries.
LTV's Metal Fabrication segment consists of LTV Copperweld, the largest
producer of tubular and bimetallic products in North America.
    This press release includes forward-looking statements.  Our uses of the
words "outlook", "anticipates," "believes," "estimate," "expect" and similar
words are intended to identify these statements as forward looking.  These
statements represent our current judgement on what the future holds.  While
the Company believes them to be reasonable, a number of important factors
could cause actual results to differ materially from those projected.  These
factors include relatively small changes in market price or market demand;
changes in domestic capacity; changes in raw material costs; increased
operating costs; loss of business from major customers, especially for high
value-added product; availability of post petition financing; negative market
and credit impact from the Chapter 11 filing; unanticipated expenses;
substantial changes in financial markets; labor unrest; unfair foreign
competition; major equipment failure; unanticipated results in pending legal
proceedings; difficulties in implementing information technology; and other
factors.

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