NORTHVILLE, Mich., May 21 /PRNewswire-FirstCall/ -- Hayes Lemmerz International, Inc. (the "Company," Nasdaq: HAYZ) announced today the pricing terms of the previously announced cash tender offer and consent solicitation of its indirect subsidiary, HLI Operating Company, Inc. ("HLI") for any and all of the outstanding 10-1/2% Senior Notes Due 2010 (CUSIP No. 404216AB9) (the "Notes") of HLI. Terms used but not defined herein have the meanings ascribed to them in HLI's Offer to Purchase and Consent Solicitation Statement dated May 8, 2007 (the "Statement"). The total consideration for the Notes was calculated as of 2:00 p.m., New York City time, May 21, 2007, by reference to a fixed spread of 50 basis points above the yield to maturity of the applicable U.S. Treasury security as described in the Statement, plus $2.62. The reference yield for the Notes was 4.72%. The total consideration per $1,000 principal amount of Notes that are validly tendered prior to 5:00 p.m., New York City time, on May 21, 2007 (the "Consent Date") will be $1,057.80. The total consideration per $1,000 principal amount of Notes that are validly tendered prior to the Consent Date includes a cash consent payment of $30.00. Holders of Notes will also receive accrued and unpaid interest on their Notes up to, but not including, the Early Payment Date (if HLI decides to exercise the early payment option) or the Final Payment Date, as the case may be. As of today, HLI has received tenders and consents for approximately $153,178,000 in aggregate principal amount of the Notes, representing approximately 97% of the outstanding Notes. The tender offer and consent solicitation remain open and are scheduled to expire on the Expiration Date. The tender offer and consent solicitation are subject to the satisfaction of certain conditions, including receipt by the Company upon completion of the Rights Offering of net cash proceeds sufficient to fund (i) the purchase of all Notes validly tendered (and not validly withdrawn) in the tender offer, (ii) the payment of the fees and expenses related to the Rights Offering, the tender offer, and the consent solicitation, and (iii) the amendment or refinancing of the Company's Amended and Restated Credit Agreement dated as of April 11, 2005, and related documents. No assurance can be given that such conditions will be satisfied, that such new financing will be completed in a timely manner or at all or that such consent will be obtained. Deutsche Bank Securities Inc. is the dealer manager for the tender offer and solicitation agent for the consent solicitation. Questions regarding the tender offer and consent solicitation should be directed to Patricia McGowan at (212) 250-7772 (collect). Requests for documentation, including copies of the Statement and related Letter of Transmittal, may be directed to Innisfree M&A Incorporated, the Information Agent, which may be contacted at (212) 750- 5833 (for banks and brokers only) or toll-free (888) 750-5834 (for all others). This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offers to buy the Notes only are being made pursuant to the tender offer and consent solicitation documents, including the Statement that HLI is distributing to holders of Notes. The tender offer and consent solicitation is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. In any jurisdiction in which the tender offer or consent solicitation is required to be made by a licensed broker or dealer, it shall be deemed to be made by Deutsche Bank Securities Inc. on behalf of Hayes Lemmerz International, Inc. About Hayes Lemmerz International, Inc. Hayes Lemmerz International, Inc. is a leading global supplier of automotive and commercial highway wheels, brakes and powertrain components. The Company has 30 facilities and approximately 8,500 employees worldwide. Forward-looking Statements The information contained in this press release contains forward-looking statements which are subject to uncertainties that could cause actual future events and results of the Company and HLI to differ materially from those expressed in the forward-looking statements. These forward-looking statements are based on estimates, projections, beliefs, and assumptions that the Company and HLI believe are reasonable but are not guarantees of future events and results. Actual future events and results of the Company and HLI may differ materially from those expressed in these forward-looking statements. There can be no assurance that any forward-looking statements will be realized. Factors that may cause actual results to differ materially from those contemplated by such forward looking statements include, among others, the risks described in the Company's and HLI's most recent Annual Report on Form 10-K and the Company's and HLI's other reports filed with the SEC. All such forward-looking statements speak only as of the date hereof. Although the Company and HLI believe the expectations reflected in the forward-looking statements at the time they are made are reasonable, the Company and HLI cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither the Company, HLI, nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company and HLI undertake no duty or obligation to publicly update or revise the information contained in this press release, although they may do so from time to time as they believe is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures. You are cautioned not to place undue reliance on the estimates, projections and other forward-looking information contained herein as they are based on current expectations and general assumptions and are subject to various risks, uncertainties and other factors, including those set forth in the filings of the Company and HLI with the SEC at http://www.sec.gov/, many of which are beyond the control of the Company and HLI, that may cause actual results to differ materially from the views, beliefs and estimates expressed herein. DATASOURCE: Hayes Lemmerz International, Inc. CONTACT: Marika P. Diamond of Hayes Lemmerz International, Inc., +1-734-737-5162 Web site: http://www.hayes-lemmerz.com/

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