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News Release

Hexcel Corporation Announces Proposed Secondary Offering of Shares by Certain of Its Stockholders

STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 28, 2006--Hexcel Corporation (NYSE/PCX: HXL) announced that it filed a registration statement today with the Securities and Exchange Commission for a proposed secondary offering of 21,433,306 shares of Hexcel's common stock, representing approximately 23% of Hexcel's total voting power. An additional 2,143,331 shares may be sold if the underwriters exercise their option to purchase additional shares in full. 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 the total voting power of Hexcel. 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 total voting power. 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: 212-902-1000) or Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010 (Tel: 212-325-2580).

    CONTACT: Hexcel Corporation
             Stephen C. Forsyth, 203-969-0666 ext. 425
             Michael W. Bacal, 203-969-0666 ext. 426

    SOURCE: Hexcel Corporation