Haynes International, Inc.

Proposed Ticker: HAYN		1020 West PArk Avenue
Exchange: NASDAQ-National Market		Kokomo, Idaho 46904
Industry: Manufacturing		(317) 456-6000

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	6/5/96
U.S. Shares Filed:	2,784,824	Filing Range:	$17.00 - $19.00
Non-U.S. Shares Filed:	0	Offering Amount:	$50,126,832
Primary Shares:	2,784,824	Expenses:	-
Secondary Shares:	0	Shs Out After:

Manager	Tier	Phone
PaineWebber Incorporated	Lead Manager	(212) 713-2626
Merrill Lynch & Co.	Co-manager	(212) 449-4600

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	9/30/95	3/31/96	3/31/95		3/31/96
Revenue:	$201.93	$109.99	$93.52	Assets:	$154.99
Net Income:	-$6.77	$0.26	-$6.87	Liabilities:	$277.36
EPS:				Equity:	-$122.38
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company develops, manufactures and markets high performance alloys primarily for use in the aerospace and chemical processing industries. Current customers include General Electric Co., Pratt & Whitney and E.I. DuPont de Nemours & Co. The Company's products are high temperature alloys (HTA) and corrosion resistant alloys (CRA). The Company's HTA products are used by manufacturers of equipment that is subjected to extremely high temperatures, such as jet engines for the aerospace industry, gas turbine engines used for power generation, and waste incineration and industrial heating equipment. The Company's CRA products are used in applications that require resistance to extreme corrosion, such as chemical processing, power plant emissions control and hazardous waste treatment. The Company is one of the three leading worldwide producers of high performance alloy products in sheet, coil and plate forms.

Use of Proceeds

The proceeds from the proposed offering will be used to repay indebtedness pursuant to the recapitalization.

Last updated: 10/28/96