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                                  PRESS RELEASE

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FOR IMMEDIATE RELEASE:                        CONTACT:
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                                              John A. St. Wrba
TITANIUM METALS CORPORATION                   Vice President and Treasurer
Three Lincoln Centre                          (972) 233-1700
5430 LBJ Freeway, Suite 1700
Dallas, Texas 75240-2697
(972) 233-1700

           TIMET DECLARES DIVIDEND ON 6-3/4% SERIES A PREFERRED STOCK

     DALLAS,  TEXAS . . . October  27, 2006 . . .  Titanium  Metals  Corporation
("TIMET") (NYSE: TIE) announced today 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  December  15,  2006 to  stockholders  of  record as of the close of
business on December 1, 2006.

     TIMET,  headquartered in Dallas,  Texas, is a leading worldwide producer of
titanium  metal  products.  Information  on TIMET is available on its website at
www.timet.com.

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