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Hayes Wheels Extends Exchange Offer for 9-1/8% Senior Subordinated Notes

20 October 1997

Hayes Wheels Extends Exchange Offer for 9-1/8% Senior Subordinated Notes

    ROMULUS, Mich., Oct. 20 -- Hayes Wheels International, Inc.
announced today that it is extending its offer to exchange all
of its outstanding 9-1/8 percent Senior Subordinated Notes due 2007 for 9-1/8
percent Series B Senior Subordinated Notes due 2007, which have been
registered under the Securities Act, until 5 p.m. New York City time on
October 24, 1997.  The exchange offer was previously scheduled to expire at
5 p.m. New York City time on October 17, 1997.
    According to The Bank of New York, the exchange agent in connection with
the exchange offer, $399 million principal amount of the $400 million
aggregate principal amount of notes outstanding had been tendered in response
to the offer as of 5 p.m. New York City time on October 17, 1997.
    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.