Hexcel Corporation Announces Joining of Lead Manager and Co-Managers for Proposed Secondary Offering of Shares by Certain of Its Stockholders.

STAMFORD, Conn. -- Hexcel Corporation (NYSE/PCX: HXL) today announced that Deutsche Bank Securities Inc. has joined as lead manager, and Bear, Stearns & Co. Inc., Jefferies Quarterdeck, a division of Jefferies & Company, Inc., Ryan Beck & Co., Inc. and Wedbush Morgan Securities Inc. have joined as co-managers, for the previously announced proposed secondary offering of 21,433,306 shares of Hexcel's common stock. Hexcel filed a registration statement with the Securities and Exchange Commission earlier this week for this offering, which includes an option for the underwriters to purchase up to 2,143,331 additional shares. Hexcel has approximately 93 million shares outstanding.

All of the shares being offered will be sold by stockholders of Hexcel, and therefore Hexcel will not receive any proceeds from the offering. Approximately 12.8 million shares will be offered by affiliates of The Goldman Sachs Group, Inc., which together currently own approximately 15% of Hexcel's common stock. Approximately 8.6 million shares will be offered by affiliates of Berkshire Partners LLC and Greenbriar Equity Group LLC, which together currently own approximately 10% of Hexcel's common stock. Any shares sold pursuant to the underwriters' option will be sold by the selling stockholders on a pro-rata basis. The filing of the registration statement by Hexcel was made pursuant to the exercise of registration rights held by the selling stockholders.

The joint book-running managers for the offering are Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC. Copies of the prospectus for the offering may be obtained by contacting Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004 (Tel: [phone]) or Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010 (Tel: [phone]).