Intermet Names Bill Whalen as CFO

TROY, Mich., Aug. 14, 2006 -- Intermet Corporation, one of the world's leading manufacturers of cast-metal automotive components, today announced that William H. Whalen has joined Intermet as Vice President of Finance and Chief Financial Officer. In this position, Whalen will assume responsibility for all financial operations of the company.

Whalen replaces Bob Belts, who has served Intermet in this position since August of 2002. Belts announced earlier this year that he would be leaving Intermet, but agreed to stay on until a replacement was named and responsibilities transitioned.

Whalen brings 25 years of diversified and international manufacturing and financial background to Intermet, including 15 years in the Tier-1 automotive supply industry. He most recently led the Finance organization for Magna International's Intier Automotive Interiors operations in North America and Asia. Before Magna, he held key financial leadership positions with United Technologies Corporation and Ernst & Young. Whalen also brings to Intermet a history of successful implementation of "best-in-class" financial processes and procedures.

Whalen has an MBA from the University of Virginia, and is both a Certified Public Accountant and Certified Management Accountant.

Intermet Corporation is a leading manufacturer of cast-metal components for the automotive, commercial-vehicle and industrial markets. With approximately 5,000 employees worldwide and over 700,000 tons of annual casting capacity, the company is organized into five distinct manufacturing groups: Die Casting, Domestic Ferrous, Missouri Die Casting, PCPC and Europe. More information is available on the Internet at http://www.intermet.com/ .