International Wire Group Recapitalization Discussions

ST. LOUIS--Dec. 2, 20039, 2003--International Wire Group, Inc. announced today that it continues to be actively engaged in discussions regarding a recapitalization with an Ad-Hoc Committee of holders of its 11.75% Senior Subordinated Notes and the largest equity holder of its parent company. Members of the Ad-Hoc Committee are being represented by Stroock & Stroock & Lavan LLP and Houlihan Lokey Howard & Zukin.

Chief Executive Officer Joseph Fiamingo said, "Over the last few weeks we have been working cooperatively with the Ad Hoc Committee to facilitate its due diligence review. The Company and the Ad Hoc Committee have exchanged recapitalization proposals and we believe we are narrowing the gap on our outstanding issues. We look forward to a continuing meaningful dialogue and hope that we can reach agreement with the Ad Hoc Committee and our equity holders regarding a consensual recapitalization in the not too distant future."

This press release contains forward-looking statements as defined by the federal securities laws and such statements are based on International Wire Group, Inc.'s current expectations and assumptions, which are inherently subject to various risks and uncertainties that could cause actual results to differ from those anticipated, projected or implied. Certain factors that could cause actual results to differ are indicated in International Wire Group, Inc.'s filings with the Securities and Exchange Commission.

International Wire Group, Inc., headquartered in St. Louis, Missouri, is a leading manufacturer and marketer of wire products, including bare and tin-plated copper wire and insulated copper wire. The Company's products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics that are utilized by a wide variety of customers primarily in the appliance, automotive, electronics / data communications and general industrial / energy industries. The Company manufactures and distributes its products in 22 facilities strategically located in the United States, Mexico, France, Italy and the Philippines.

For further information, please contact Glenn Holler, Senior Vice President and Chief Financial Officer, or David Webster, Chief Restructuring Officer, at (314) 719-1000.