ALCAN SPIN-OFF ON TRACK

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ALCAN SPIN-OFF ON TRACK
15 September 2004 - Alcan Inc

Alcan Inc continues to work towards the realisation of the previously announced spin-off of its rolled products business with the same year-end completion target.

'This is a first-rate business,' said Travis Engen, President and Chief Executive Officer. 'Not surprisingly we have received unsolicited inquiries from a number of interested parties. Although some of these expressions of interest are being studied, Alcan remains committed to the spin-off as an outstanding value creation proposition for its shareholders,' he said.

Filing of the preliminary regulatory disclosure documents describing the spin-off business is expected before the end of the month.

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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