Wolverine Tube, Inc. Announces the Sale of its London, Ontario, Canada Tube Operations to RoyCap Merchant Banking Group

CHICAGO, July 22, 2008 -- Lincoln International, a global mid-market investment bank, today announced the sale by Wolverine Tube, Inc (OTCBB:WLVT) (“Wolverine”) of its London, Ontario, Canada copper tube operations (“Wolverine-London”) to an affiliate of Royal Capital Management Corp., a Toronto, Ontario, Canada-based private equity investor.  The transaction includes 100% of the stock of the Company in exchange for US$42 million in cash, subject to certain adjustments at closing.

Lincoln International worked closely with Wolverine and the management of Wolverine-London to evaluate the transaction alternatives, coordinate the due diligence process and assist with the negotiation of the purchase agreement in an expedited timeframe.About Wolverine Tube, Inc.

Wolverine Tube, Inc. is a world-class quality partner, providing its customers with copper and copper alloy tube, fabricated products, and metal joining products.  Further information about Wolverine and its subsidiaries is available on its websites at www.wlv.com and www.silvaloy.com.

About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.

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