ALUMINUM PRODUCER NEWS Alcan’s Pechiney Bid Accepted

MONTREAL, Quebec The directors of PECHINEY have recommended that its shareholders accept the 48.50/share takeove...

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MONTREAL, Quebec The directors of PECHINEY have recommended that its shareholders accept the 48.50/share takeover share offer from ALCAN INC. The offer is conditional on Alcan's receiving more than 50% of the Pechiney shares. It also needs approval by authorities in the European Union and the United States.

Details are available from Alcan's investor relations: contact Corey Copeland at 514-848-8368.

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