ALCAN SELLS ZINC AND LEAD METAL TRADING BUSINESS

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ALCAN SELLS ZINC AND LEAD METAL TRADING BUSINESS
16 November 2004 - Alcan Inc

Alcan Inc announced today that it has sold the assets of its zinc and lead metal trading business to Trafigura Ltd, an independent commodity trading company.

'Alcan is selling these assets as part of its strategy to exit non-core operations,' said Geoffery Merszei, Executive Vice President and Chief Financial Officer of Alcan Inc.

The scope of the transaction includes the inventories of Alcan's zinc and lead metal trading and the commercial agreements related to the business, which was operated through Pechiney Trading Ltd (UK).

http://www.alcan.com

About: Alcan Inc
Alcan is a multinational, market-driven company and a global leader in aluminium and packaging, as well as aluminium recycling. The company's operations include primary aluminium, fabricated aluminium and flexible and speciality packaging, aerospace applications, bauxite mining and alumina processing. Alcan employs 88 000 people and has operating facilities in 58 countries and regions.

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