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Intermet Approves Quarterly Dividend

27 April 1999

Intermet Approves Quarterly Dividend

    TROY, Mich., April 26 -- On Saturday, April 24, Intermet
Corporation's board of directors approved a quarterly dividend
of $0.04 per share, payable on June 30, 1999 to shareholders of record on
June 1, 1999.
    With headquarters in Troy, Michigan, Intermet Corporation and its
subsidiaries design and manufacture precision iron and aluminum cast
components for automotive and industrial equipment manufacturers worldwide.
Intermet also produces precision-machined components and manufactures cranes
and specialty service vehicles.  The company has 7,000 employees in 19
operating locations in North America and Europe.  Intermet's internet address
is http://www.intermet.com.
    This news release may include forecasts and forward-looking statements
about Intermet, its industry and the markets in which it operates.  Forward-
looking statements and the achievement of any forecasts or projections are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or denied.  Such risks and
uncertainties are fully detailed as a preface to the Management's Discussion
and Analysis of Financial Condition in the Company's 1998 Annual Report for
the year ended Dec. 31, 1998.