Alcan Investor Workshop

Business Context Portfolio Optimization M&A Organic 2006 ALCAN INC. Buy Sell Open Close H1 + Pechiney + Ningxia Smelter - Arvida Smelter 2004 H2 -Non Core Trading (EP) -Mass Transport Systems (EP) H1 + Parkside (Pack.) Aluminium de Grece Novelis - Ferro alloys (EP) 2005 H2 + Prewired systems (EP) PET bottles (Pack.) + Slovakian extrusions (EP) -Lannemezan Smelter ALCAN 2006 H1 + Thailand (Pack.) - N.A. Bottles (Pack.) - Affimet. (Primary) + Reidsville Tobacco (Pack.) - + Australian winecaps (Pack.) - Workington. (EP) Steg Smelter Slide 4

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