FOR IMMEDIATE RELEASE, September 30,1998

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

Niles, Ohio -- RMI Titanium Company (NYSE; RTI) announced today that its shareholders have approved the formation of an Ohio holding company named RTI International Metals, Inc. Under the restructuring, RTI will exchange its shares of common stock on a one-for-one basis for all of the outstanding common stock of RMI Titanium, which immediately becomes a wholly-owned subsidiary of RTI. Shares of the holding company will begin trading on the New York Stock Exchange on October 1 under the symbol RTI.

RMI certificates may, but are not required to be, exchanged for new RTI certificates.

RMI Titanium Company, headquartered in Niles, Ohio, manufactures titanium mill products. The Company's products are used for fabricated components in commercial and military aircraft and engines, energy exploration and refining, chemical processing equipment, pulp and paper production facilities, medical implants and consumer goods.