FOR IMMEDIATE RELEASE, August 20,1998

CONTACT:
Crystal L. Revak, Director
Investor Relations
(330) 544-7622

Niles, Ohio - RMI Titanium Company (NYSE; RTI) today announced a proposed restructuring through use of a holding company. The Company has formed a new Ohio holding company, RTI International Metals, Inc., which will exchange shares of common stock on a one-for-one basis for all of the current outstanding common stock of RMI Titanium, following which RMI Titanium will become the wholly-owned subsidiary of RTI International.

Management believes that the use of the holding company structure will provide greater flexibility in managing existing and future business operations and will facilitate future acquisitions and strategic alliances. The rights of the shareholders will be unchanged under the charter and bylaws of the new holding company.

A shareholders meeting to approve the restructuring is scheduled to be held on September 30, 1998. RTI International has filed a registration statement to register the shares to be issued in the exchange.