Alcan + Pechiney A New World of Opportunity

Strategic Rationale Integration Underway Successful Track Record Lessons Learned ▪ Maintain current operating focus ▪ Line leadership of integration process Jointly staffed integration teams Fill and announce key jobs as soon as possible ©2003 ALCAN INC. ▪ Timeline to achieve full synergy run- rate within 2 years Dec 2003 Top-level executive team and structure announced Jan 2004 Milestones - Integration leadership team in place ALCAN April 2004 Completion of personnel review Completion of synergies review June 2004 Final decisions on key assets

View entire presentation