Objections From Plainfield Resolved; Wolverine Will Seek Approval of Its Reorganization Plan on June 10, 2011

DECATUR, AL--(Marketwire - Jun 8, 2011) - Wolverine Tube, Inc. (PINKSHEETS: WLVTQ) today announced that it has reached agreement with its largest noteholder, Plainfield Asset Management ("Plainfield"), resolving all differences over the terms of proposed agreements that will become effective upon Wolverine's emergence from bankruptcy and reinstating Plainfield's support for Wolverine's reorganization plan. Wolverine will seek Bankruptcy Court approval of its reorganization plan at a June 10 hearing.