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Hayes Wheels Announces Sale of Additional Shares

27 August 1997

Hayes Wheels Announces Sale of Additional Shares

    ROMULUS, Mich., Aug. 27 -- Hayes Wheels International, Inc.
announced today that the underwriters of its public offering of
common stock exercised their option to purchase an additional 566,925 shares
at $31.50 per share to cover over-allotments.  This increased the total
shares offered in the public offering to 4,346,427.
    The net proceeds of the additional shares offered will be used to reduce
outstanding bank indebtedness.
    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.