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Intermet Corporation Files Form S-3 In Preparation for Secondary Stock Offering

4 August 1997

Intermet Corporation Files Form S-3 In Preparation for Secondary Stock Offering

    TROY, Mich., Aug. 4 -- Intermet Corporation
today announced the filing of a Form S-3 registration statement with the
Securities and Exchange Commission with respect to a proposed secondary
offering of 3,000,000 shares of common stock and an additional 450,000 shares
if the Underwriters' overallotment option is exercised.  The managing
underwriters of the offering will be Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated and Interstate/Johnson Lane
Corporation.
    All of the shares will be sold by George Mathews, Jr., and certain members
of his family and related trusts.  Mathews, the founder of the company, and
formerly the company's chairman, chief executive officer and president,
retired as an officer and employee in 1994.  Mathews has remained on the
company's board of directors.  The company will not receive any of the
proceeds from the sale of the shares.
    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 news release
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 registration or
qualification under the securities laws of any State.  A written prospectus
meeting the requirement of Section 10 of the Securities Act of 1933 may be
obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park
Avenue, New York, New York 10172.
    Intermet Corporation and its subsidiaries design and manufacture precision
iron and aluminum cast products for automotive and industrial equipment
manufacturers worldwide, produce precision machined components, cranes and
specialty service vehicles, and provide custom coating applications.  The
company is headquartered in Troy, Michigan.

SOURCE  Intermet Corporation