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Hayes Wheels Announces Public Offering of Common Stock

21 July 1997

Hayes Wheels Announces Public Offering of Common Stock

    ROMULUS, Mich., July 21 -- Hayes Wheels International,
Inc. today filed a registration statement with the Securities
and Exchange Commission relating to the public offering of 3,779,502 shares of
its common stock, of which 2,000,000 shares are being offered by Hayes Wheels
and 1,779,502 shares are being offered by certain stockholders of Hayes
Wheels.
    The net proceeds of the shares offered by Hayes Wheels will be used to
reduce Hayes Wheels' outstanding bank indebtedness.  Hayes Wheels will not
receive any of the proceeds from the sale of shares by the stockholders.
Merrill Lynch & Co. will be the managing underwriter for the offering.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This announcement
shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state.
    A preliminary prospectus relating to the offer, when available, may be
obtained by written request from Merrill Lynch & Co., World Financial Center,
250 Vesey Street, New York, New York 10281, attention Preliminary Prospectus
Department.
    Hayes Wheels is listed on the NASDAQ National Market System.
    Hayes Wheels International is a world leader in the design, engineering
and manufacture of steel and aluminum wheels and brake drums and rotors for
the automotive and commercial highway markets in North America, Europe and
Asia.

SOURCE  Hayes Wheels International, Inc.