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HALLWOOD DECLARES CASH INTEREST PAYMENT ON 13.5 PERCENT SUBORDINATED DEBENTURES, DUE JULY 31, 2009

 DALLAS, July 13 /PRNewswire/ -- The Hallwood Group Incorporated (NYSE: HWG), under the terms of its Trust Indenture, declared the payment of cash interest on the company's 13.5 percent subordinated debentures, due July 31, 2009. This annual interest payment will apply to the outstanding original 1989 issue, the 1991 series and the 1992 series. Interest will be paid on August 15 to debentureholders of record on July 31.
 -0- 7/13/93
 /CONTACT: Mary Doyle, investor relations of Hallwood Group, 800-225-0135 or 214-528-5588/
 (HWG)


CO: Hallwood Group Incorporated ST: Texas IN: SU:

TM-WB -- NY074 -- 1114 07/13/93 17:57 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
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