LTV Appoints Carl B. Frankel to Board of Directors

Apr 24, 2001, 01:00 ET from LTV Corporation

    CLEVELAND, April 24 /PRNewswire Interactive News Release/ -- The LTV
 Corporation (OTC Bulletin Board:   LTVCQ) today announced that Carl B. Frankel,
 retired general counsel of the United Steelworkers of America union, has been
 appointed a director of the Corporation.  Under the terms of the labor
 agreement between LTV Steel and the United Steelworkers of America (USWA), the
 union may nominate one director.  The last director nominated by the USWA was
 Edgar Ball who retired in 1999.
     "We are very pleased to welcome Carl Frankel to the LTV Board.  He brings
 with him a reputation of extraordinary intelligence and integrity and his
 participation in our efforts to secure a hopeful future for LTV is most
 welcome," said William H. Bricker, LTV's chairman and chief executive officer.
 "LTV and all of its constituents face very severe consequences unless we
 successfully restructure LTV's integrated steel unit into a viable business
 that is fully competitive in the domestic and international marketplace.  Mr.
 Frankel's 30 years of experience, and his knowledge of the complex problems
 facing steel will be invaluable to our efforts on behalf of LTV's
 shareholders, employees and communities," Mr. Bricker said.
     Mr. Frankel, a graduate of the University of Chicago College and Law
 School, joined the USWA in 1968 as associate general counsel.  He served at
 the staff level of the Collective Bargaining Forum, a government/union/
 management committee designed to improve labor relations in the United States.
 He also played a prominent role in presenting the union's position on matters
 related to foreign trade to various government bodies.  Mr. Frankel also
 served the union as one of its leading negotiators in the basic steel
 industry. He was one of the architects and negotiators of the USWA's New
 Directions bargaining program which included partnership, employment security,
 neutrality, board representation, and partially funded retiree health
 benefits.
     The LTV Corporation is a manufacturing company with interests in steel and
 metal fabrication.  LTV's Integrated Steel segment is a leading producer of
 high-quality, value-added flat rolled steel, and a major supplier to the
 transportation, appliance, electrical equipment and service center industries.
 LTV's Metal Fabrication segment consists of LTV Copperweld, the largest
 producer of tubular and bimetallic products in North America and VP Buildings,
 a leading producer of pre-engineered metal buildings for low-rise commercial
 applications.
 
     This press release includes forward-looking statements.  Our uses of the
 words "outlook," "anticipates," "believes," "estimate," "expect" and similar
 words are intended to identify these statements as forward looking.   These
 statements represent our current judgement on what the future holds.  While
 the Company believes them to be reasonable, a number of important factors
 could cause actual results to differ materially from those projected.  These
 factors include relatively small changes in market price or market demand;
 changes in domestic capacity; changes in raw material costs; increased
 operating costs; loss of business from major customers, especially for high
 value-added product; availability of post petition financing; negative market
 and credit impact from the Chapter 11 filing; unanticipated expenses;
 substantial changes in financial markets; labor unrest; unfair foreign
 competition; major equipment failure; unanticipated results in pending legal
 proceedings; difficulties in implementing information technology; and other
 factors.
 
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SOURCE LTV Corporation
    CLEVELAND, April 24 /PRNewswire Interactive News Release/ -- The LTV
 Corporation (OTC Bulletin Board:   LTVCQ) today announced that Carl B. Frankel,
 retired general counsel of the United Steelworkers of America union, has been
 appointed a director of the Corporation.  Under the terms of the labor
 agreement between LTV Steel and the United Steelworkers of America (USWA), the
 union may nominate one director.  The last director nominated by the USWA was
 Edgar Ball who retired in 1999.
     "We are very pleased to welcome Carl Frankel to the LTV Board.  He brings
 with him a reputation of extraordinary intelligence and integrity and his
 participation in our efforts to secure a hopeful future for LTV is most
 welcome," said William H. Bricker, LTV's chairman and chief executive officer.
 "LTV and all of its constituents face very severe consequences unless we
 successfully restructure LTV's integrated steel unit into a viable business
 that is fully competitive in the domestic and international marketplace.  Mr.
 Frankel's 30 years of experience, and his knowledge of the complex problems
 facing steel will be invaluable to our efforts on behalf of LTV's
 shareholders, employees and communities," Mr. Bricker said.
     Mr. Frankel, a graduate of the University of Chicago College and Law
 School, joined the USWA in 1968 as associate general counsel.  He served at
 the staff level of the Collective Bargaining Forum, a government/union/
 management committee designed to improve labor relations in the United States.
 He also played a prominent role in presenting the union's position on matters
 related to foreign trade to various government bodies.  Mr. Frankel also
 served the union as one of its leading negotiators in the basic steel
 industry. He was one of the architects and negotiators of the USWA's New
 Directions bargaining program which included partnership, employment security,
 neutrality, board representation, and partially funded retiree health
 benefits.
     The LTV Corporation is a manufacturing company with interests in steel and
 metal fabrication.  LTV's Integrated Steel segment is a leading producer of
 high-quality, value-added flat rolled steel, and a major supplier to the
 transportation, appliance, electrical equipment and service center industries.
 LTV's Metal Fabrication segment consists of LTV Copperweld, the largest
 producer of tubular and bimetallic products in North America and VP Buildings,
 a leading producer of pre-engineered metal buildings for low-rise commercial
 applications.
 
     This press release includes forward-looking statements.  Our uses of the
 words "outlook," "anticipates," "believes," "estimate," "expect" and similar
 words are intended to identify these statements as forward looking.   These
 statements represent our current judgement on what the future holds.  While
 the Company believes them to be reasonable, a number of important factors
 could cause actual results to differ materially from those projected.  These
 factors include relatively small changes in market price or market demand;
 changes in domestic capacity; changes in raw material costs; increased
 operating costs; loss of business from major customers, especially for high
 value-added product; availability of post petition financing; negative market
 and credit impact from the Chapter 11 filing; unanticipated expenses;
 substantial changes in financial markets; labor unrest; unfair foreign
 competition; major equipment failure; unanticipated results in pending legal
 proceedings; difficulties in implementing information technology; and other
 factors.
 
                        MAKE YOUR OPINION COUNT - Click Here
                  http://tbutton.prnewswire.com/prn/11690X29176108
 
 SOURCE  LTV Corporation

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