Wheeling-Pittsburgh Corp. filed with the Securities and Exchange Commission a registration statement on June 30, 2004 for a public offering of its common stock.

It is expected that a total of 3,500,000 shares will be offered, including 3,142,400 newly issued shares to be sold by the company and 357,600 shares to be sold by the VEBA Trust, which was established by the company to provide past United Steelworkers of America retirees with medical and life insurance benefits.

UBS Securities LLC is the sole book-running manager for the offering. KeyBanc Capital Markets is acting as the co-manager for the offering. The underwriters will have an option to purchase up to a total of 525,000 additional shares from the company to cover over-allotments.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. Wheeling Pittsburgh cautions that the announcement does not constitute an offer to sell or the solicitation of an offer to buy, and that there shall be no sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws on any such state.

Copies of the prospectus, when available, can be obtained from the Prospectus Department of UBS Securities LLC.

Wheeling-Pittsburgh Corp. is a metal products company with approximately 3,100 employees. It has facilities in Steubenville, Mingo Junction, Yorkville, and Martins Ferry, Ohio; Beech Bottom and Follansbee, W.Va.; and Allenport, Pa.