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Intermet Corporation Announces Pricing of Common Stock in Secondary Offering

22 August 1997

Intermet Corporation Announces Pricing of Common Stock in Secondary Offering

    TROY, Mich., Aug. 22 -- Intermet Corporation
today announced the pricing of a public offering of 3,000,000 shares of common
stock being sold in a secondary offering by George Mathews, Jr., and certain
members of his family and related trusts, at $15 3/4 per share.  Mr. 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.
He has remained on the board of directors.  The company is not selling any
shares in the offering.
    The managing underwriters of the offering are Donaldson, Lufkin & Jenrette
Securities Corporation, Prudential Securities Incorporated, and
Interstate/Johnson Lane Corporation.  A written prospectus meeting the
requirements 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