Press Release Details

Brush Engineered Materials Announces Closing of Public Offering

July 7, 2004

CLEVELAND, Jul 7, 2004 (BUSINESS WIRE) -- Brush Engineered Materials Inc. (NYSE:BW) announced today that it has completed its previously announced public offering of 2.05 million primary shares of common stock and 115,000 secondary shares of common stock sold by selling shareholders. The underwriters continue to have an option to purchase up to an additional 324,750 primary shares of common stock to cover over-allotments as part of the public offering.

Brush intends to use the proceeds from the offering to repay a portion of the amounts outstanding under the credit facilities that are part of the refinancing Brush completed in December 2003. Any remaining net proceeds will be used for working capital and general corporate purposes.

KeyBanc Capital Markets, a division of McDonald Investments Inc., acted as the lead managing underwriter and Jeffries & Company, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, Inc., and Wm Smith Securities, Incorporated acted as co-managing underwriters. Copies of the final prospectus relating to the offering may be obtained from KeyBanc Capital Markets at McDonald Investment Center, 800 Superior Avenue, Cleveland, Ohio 44114.

Brush Engineered Materials Inc. is headquartered in Cleveland, Ohio. The Company, through its wholly-owned subsidiaries, supplies worldwide markets with beryllium products, alloy products, electronic products, precious metal products, and engineered material systems.

SOURCE: Brush Engineered Materials Inc.

Brush Engineered Materials Inc.
Investors: Michael C. Hasychak, 216-383-6823
Media: Patrick S. Carpenter, 216-383-6835
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