Wolverine Tube Inc. Raises $24.5 Million in Private Placement of Common Stock

Wolverine Tube Inc. Raises $24.5 Million in Private Placement of
Common Stock 


HUNTSVILLE, Ala., June 24  /PRNewswire-FirstCall/ -- Wolverine Tube, Inc.
(NYSE:WLV) announced today that it has completed a private placement of 2.45
million shares of Common Stock at a price of $10.00 per share.  All of the
shares were sold by the Company.  Following the closing, the Company will have
approximately 14.8 million common shares outstanding.

The completion of this private placement will net the Company approximately
$22.9 million, which will be used to reduce debt and for other corporate
purposes, as well as, create and increase institutional sponsorship and trading
liquidity in the Company's stock.

The shares of Common Stock were offered and sold in a private placement to
accredited investors pursuant to exemptions from registration under the
Securities Act of 1933.  The Company, as soon as practical, will file a
registration statement with the Securities and Exchange Commission relating to
the resale of the shares of Common Stock by the purchasers in the private
placement.  This press release is not an offer to sell or the solicitation of
an offer to buy the securities discussed herein.  The press release is being
issued pursuant to and in accordance with Rule 135c under the Securities Act of
1933.

About Wolverine Tube, Inc.

Wolverine Tube, Inc. is a world-class partner, providing its customers with
copper and copper alloy tube, fabricated products, metal joining products as
well as copper and copper alloy rod, bar and other products.  Internet
addresses: http://www.wlv.com/ and http://www.silvaloy.com/ .

   Contact:  James E. Deason
             Executive Vice President,
             Chief Financial Officer
             [phone]


DATASOURCE: Wolverine Tube, Inc.



CONTACT:  James E. Deason, Executive Vice President, Chief Financial

Officer of Wolverine Tube, Inc., [phone]



Web site:  http://www.wlv.com/

http://www.silvaloy.com/ 

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