INTERMET Third-Quarter Sales and Earnings Expectations Lower

    TROY, Mich., Sept. 21 INTERMET Corporation
today announced that its third-quarter sales are expected to be down from
analyst expectations.  Chairman and CEO John Doddridge said, "Sales are being
affected by a slowing economy and the reduction of vehicle production at our
customers as a result of the tragic events of last week and, at this point,
appear to be less than $200 million for the quarter, thus impacting earnings."
    Doddridge also said that the company, at this time, is expecting to lose
$2.5 to $3 million, or $0.10 to $0.12 per share, for the third quarter.  He
cautioned that sales could be even less, as the company is receiving daily
adjustments in its order board due to the deepening economic conditions and
its impact on its major customers.  He added, "The earnings deficiency is all
volume related."
    "Many positive things have been occurring in the company," continued
Doddridge.  "But they have been completely overshadowed by the lack of overall
volume.  We have been successful in substantially cutting costs and lowering
breakeven in every corner of the company.  Also, we successfully launched our
new aluminum knuckle manufactured with the new Pressure-Counter-Pressure
Process (PCPC) technology.  We brought this project in on time and on budget,
while meeting customer requirements both in volume and quality."
    With headquarters in Troy, Michigan, INTERMET Corporation is a
manufacturer of powertrain, chassis/suspension and structural components for
the automotive industry.  INTERMET's strategy is to be the leading supplier of
cast-metal automotive components in the world.  The company has more than
6,500 employees at facilities located in North America and Europe.  More
information is available on the Internet at http://www.intermet.com .
    This news release may include forecasts and forward-looking statements
about INTERMET, its industry and the markets in which it operates.  Forward-
looking statements and the achievement of any forecasts or projections are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or denied.  Such risks and
uncertainties are fully detailed as a preface to the Management's Discussion
and Analysis of Financial Condition in the company's 2000 Annual Report for
the year ended December 31, 2000.

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