Mecachrome announces additional noteholders support for the debt restructuring plan



    TOURS, France and MONTREAL, Canada, Aug. 21 /CNW Telbec/ - Mecachrome
International Inc. ("Mecachrome" or the "Company") announced today that
holders representing 73.6% of the aggregate principal amount of its
outstanding 2014 Senior Subordinated Notes have, on or before August 19, 2009,
entered into support agreements to vote in favour of and to support the
Company's proposed debt and equity restructuring and reorganization plan (the
"Plan") pursuant to the Companies' Creditors Arrangement Act and the Canada
Business Corporations Act announced on August 5, 2009.
    The meeting of creditors relating to the approval of the Plan will be
held on August 26, 2009 in Montréal, Québec. Proxies for the meeting must be
received by the Monitor prior to noon (Montreal time) on August 25, 2009. The
Plan is subject to certain conditions set forth in the Company's press release
dated August 5, 2009. If these conditions are not satisfied there can be no
assurances that they will be waived or that alternate financing will be
available on acceptable terms.

    
    About Mecachrome International Inc.
    -----------------------------------
    
    Mecachrome is a leader in the design, engineering, manufacture and
assembly of complex precision-engineered components for aircraft and
automotive applications, including aerostructural and aircraft engine
components, high-end automobile engine components and motor racing engines.
Since 1937, Mecachrome has established a significant presence and global
reputation in certain high-precision sectors of the aerospace, automotive and
industrial equipment industries, providing services primarily to original
equipment manufacturers.

    
    Forward-looking statements
    --------------------------
    
    All statements, other than statements of historical facts, included in
this news release are forward-looking statements or contain forward-looking
information (within the meaning of the Québec Securities Act and the Ontario
Securities Act). Although we believe that the expectations reflected in these
forward-looking statements and forward-looking information are reasonable,
these statements involve risks and uncertainties and are not guarantees of
future performance.
    We can give no assurance that these estimates and expectations will prove
to have been correct, and actual outcomes and results may differ materially
from what is expressed, implied or projected in such forward-looking
statements and forward-looking information. There are a number of important
risks and uncertainties that could, and often do, cause our actual results to
differ materially from those indicated or implied by forward-looking
statements and forward-looking information, including the risks and
uncertainties discussed in Mecachrome's Annual Information Form for the year
ended December 31, 2007. Given the uncertainty of forward-looking statements
and forward-looking information, investors are cautioned not to place undue
reliance on these statements and information. The forward-looking statements
and forward-looking information speak only as of the date made, and Mecachrome
expressly disclaims any intention or obligation to update or revise any
forward-looking statements or forward-looking information, whether as a result
of new information, future events or otherwise, except as may be required by
applicable law.

    Mecachrome is currently subject to Court protection under the Companies'
Creditors Arrangement Act in Canada and under similar protection from the
Courts for its French subsidiaries under the safeguard procedure (procédure de
sauvegarde) in France. The documentation related the Canadian and French court
filings is available on Ernst & Young Inc.'s web site at:
http://documentcentre.eycan.com/Pages/Main.aspx?SID=91.




For further information:

For further information: Mr. Jocelyn Côté, (514) 373-1206

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MECACHROME INTERNATIONAL INC.

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