INTERMET Announces New Business Won in 2002

   Continued expansion of customer roster in both North America and Europe

    TROY, Mich., Feb. 18 -- INTERMET Corporation , one of the world's leading manufacturers
of cast-metal automotive components, reported today that new business awarded
in 2002 totaled $450 million over the life of the programs.  This is in
addition to the previously announced $400 million in new programs awarded to
INTERMET in 2001.  The new business will support automotive OE and Tier 1
manufacturers and is scheduled to launch throughout the next three years.
    The new business includes cast-metal components manufactured for
powertrain, chassis, brake and body/interior applications and will be sourced
both from the company's North American and European operations.  A number of
programs begin production this year, including:

    *  Ductile-iron rear knuckle for a major Japanese OEM. Scheduled for
launch in first quarter.

    *  Aluminum steering knuckle for Dodge Durango.  Launching in July,
contract is a significant addition to INTERMET's existing PCPC(TM) process
steering-knuckle program.

    *  Ductile-iron rear knuckle for Mercedes-Benz C-Class.  January launch at
INTERMET's Ueckermunde, Germany, foundry.

    *  Twelve aluminum housing and electronic enclosure programs for Motorola,
including eight launched in late 2002.  For use on North American-built
European vehicle platforms.

    "We are pleased that new customers have recognized the value we are
creating with technology and manufacturing efficiency and that existing
customers continue to see the enhanced casting solutions we provide," said
Terry Graessle, INTERMET's Vice President of Sales and Marketing.  "Progress
was made last year in our revenue and customer diversification initiatives.
Most notably, a larger portion of the new sales is coming from New American
Manufacturers who continue to increase the North American content of their
vehicles assembled here.  Also, in Europe we are diversifying our product base
into automotive structural and safety components."
    Graessle continued, "Our 2003 revenue projection for INTERMET is for
modest growth compared with last year in a softening market.  However, we
expect to be in a more substantial sales growth mode beginning in 2004 when
many more new programs come on stream.  This new business is a clear
indication that INTERMET's global strategy of leveraging our substantial
technological resources with our diverse material and manufacturing process
capabilities is working."
    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 world's leading
supplier of cast-metal automotive components.  The company has more than 5,000
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 2001 Annual Report for
the year ended December 31, 2001.