TIMET Announces 2-for-1 Stock Split and Declares Dividend on 6-3/4% Series A Preferred Stock

DENVER, Aug. 9 /PRNewswire-FirstCall/ -- Titanium Metals Corporation ("TIMET" or the "Company") announced today that its Board of Directors has approved a two-for-one split of TIMET's common stock, $.01 par value per share. The stock split will be effected in the form of a stock dividend. The Record Date for the stock split has been set as the close of business on Thursday, August 25, 2005. Holders of record on the Record Date will receive one additional share for each share held on that date. The additional shares will be distributed on Tuesday, September 6, 2005 by the Company's transfer agent American Stock Transfer and Trust Company, and the shares are expected to trade on a post-split basis on Wednesday, September 7, 2005.

As a result of the stock split, the conversion rate of the Company's 6 3/4% Series A Preferred Stock will be changed to three and one-third shares of common stock for each share of Series A Preferred Stock, and the conversion rate of the of 6 5/8% Convertible Preferred Securities, Beneficial Unsecured Convertible Securities (BUCS) issued by TIMET Capital Trust I will be changed to 1.339 shares of common stock for each BUCS.

TIMET also announced that its board of directors has declared a quarterly dividend of $0.84375 per share on its 6-3/4% Series A Preferred Stock, payable on September 15, 2005 to stockholders of record as of the close of business on September 1, 2005.

TIMET, headquartered in Denver, Colorado, is a leading worldwide producer of titanium metal products. Information on TIMET is available on its website at http://www.timet.com/.