Wolverine Tube Inc. reported earnings results for the second quarter and first half of 2009. Net loss for the second quarter of 2009 was $11.1 million compared to a net loss of $11.9 million in the same period of 2008. The 2009 results include a $3.6 million loss on the extinguishment of Senior Notes resulting from the payment of an exchange fee for the conversion to new Senior Secured Notes. Net sales for the second quarter of 2009 were $113.6 million, as compared to $245.5 million for the second quarter of 2008. The 53% decrease in Net Sales were also due to the 44% decrease in the year over year price of copper, its primary raw material. Net loss for the first half of 2009 was $18.3 million compared to $7.7 million for the same period in 2008. The 2008 results include a $5.0 million gain on the sale of a minority interest in China subsidiary. Net sales for the first half of 2009 were $223.2 million compared to $447.0 million for the same period in 2008. The decrease in Net Sales were due to lower demand in the HVAC and appliance markets and a 50% decrease in the year over year price of copper.

Wolverine Tube Inc. announced that on July 21, 2009, KPMG, LLP was dismissed as the independent registered public accounting firm, based on the recommendation of the Audit Committee of Wolverine's Board of Directors and subsequently approved by Wolverine's Board of Directors. On the same day, the company retained Crowe Horwath, LLP as its new independent registered public accounting firm. The decision to retain Crowe as Wolverine's independent registered public accounting firm was made by the Audit Committee of Wolverine's Board of Directors on July XX, 2009.

Wolverine Tube Inc. announced the resignation of Garry K. Johnson, Senior Vice President, Sales and Customer Relations effective on July 31, 2009. Mr. Johnson has been in this position since 2002.