Hayes Lemmerz Announces Sale of MGG Group

NORTHVILLE, Michigan, June 29 --

Hayes Lemmerz International, Inc. today announced the sale of its wholly owned subsidiary, MGG Group B.V. to an affiliate of the ECF-Group, a privately held company based in Switzerland and The Netherlands.

Located in The Netherlands and Belgium, MGG Group's three facilities manufacture a variety of components including heat exchangers for gas-fired boilers, intake manifolds and other aluminum components for the European automotive, commercial vehicle and other industries.

Under the agreement announced today, the investors acquired all of the outstanding stock of MGG Group B.V. and its subsidiaries. While financial terms of the transaction were not disclosed, Hayes Lemmerz did announce that MGG's annual sales for fiscal 2006 were approximately US$140 million.

"We are pleased that we have completed this transaction," said Curtis Clawson, President, CEO and Chairman of the Board of Hayes Lemmerz. "By divesting this non-core business and focusing on high growth/high return markets, we are continuing to execute our strategic business plan and our drive toward profitability and positive free cash flow." Mr. Clawson added, "We have enjoyed our relationship with the MGG Group for many years and we are confident that they will be a valuable addition to the buyer."

The Company does not expect this transaction to have a material impact on its previously released full fiscal year 2007 guidance.

Hayes Lemmerz International, Inc. is a world leading global supplier of automotive and commercial highway wheels, brakes and powertrain components. The Company has 27 facilities and approximately 7,800 employees worldwide.