INTERMET Wins New Business in Europe

Will supply new high-volume Citroen vehicle platform with chassis components

TROY, Mich., Sept. 11 -- INTERMET Corporation , one of the world's leading manufacturers of cast-metal automotive components, announced today that it will provide front suspension control arms for PSA Peugeot-Citroen's new Berlingo and Xsara Picasso mini- MPVs to be built in France and Spain. Production of the ductile-iron components is scheduled to begin in September 2004 at INTERMET's PortCast Foundry in Porto, Portugal.

"This contract is a reaffirmation of INTERMET's strategy of delivering its industry-leading manufacturing and engineering capabilities to a global customer base," said Laurence Vine-Chatterton, president of INTERMET's European operations. "INTERMET technical personnel from both the U.S. and Europe worked with Citroen to find the right solution for their unique suspension component needs."

INTERMET will supply Citroen with right- and left-hand lower control arms for the life of the vehicle programs. The contract is valued at over $14 million per year.

Jorge Fesch, general manager of INTERMET's PortCast Foundry, said, "Winning this new business reflects Citroen's complete confidence in our ability to manufacture quality safety-critical castings for such an important vehicle platform. Over the years, our relationship with Citroen and PSA's Peugeot division has resulted in many programs for INTERMET."

Currently, INTERMET supplies chassis and powertrain components for the Citroen C3, C5 and C8 models as well as for Peugeot's 206, 307, 406, and 807 models, among others. More than half of all light vehicles on the road in Europe use INTERMET-produced castings.

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 6,000 employees at facilities located in North America and Europe. More information is available on the Internet at www.intermet.com .