FOR IMMEDIATE RELEASE DECEMBER 26, 2001

FOR IMMEDIATE RELEASE DECEMBER 26, 2001

Contact:

Richard E. Leone
Manager - Investor Relations
330 544 7622

RTI INTERNATIONAL METALS TO RECEIVE COMMON STOCK DISTRIBUTION

Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) announced today that it would receive common stock currently valued at $6.6 million as the result of the recent demutualization of Anthem Insurance Company of Indianapolis, Indiana.

RTI, as a participant in the large mutual insurance company, is entitled to receive approximately 143,500 common shares of the new company as part of Anthem’s initial public offering ("IPO"). Limitations on the sale of the shares will likely restrict cash conversion until sometime after May 3, 2002. RTI will include, as other income, the net IPO price of $34.34 per share or approximately $4.9 million in the fourth quarter 2001. Any change in value from the IPO price at year-end will be included in comprehensive income.

This transaction will add approximately $0.14 per share to RTI’s net income in the 4^th quarter of 2001.

RTI International Metals, headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products and extruded shapes, as well as engineered systems for energy-related markets and environmental engineering services. The Company’s products are used for aerospace, industrial, military, and consumer applications.