Alcan Responds to Alcoa Announcement


MONTREAL, Canada, May 7 -- Alcan Inc. today announced that it has received from Alcoa notice of intent to file an unsolicited offer to acquire all of the outstanding shares of Alcan for US$58.60 in cash and 0.4108 of a share of Alcoa common stock for each outstanding common share of Alcan.

Consistent with its obligations and focus on delivering value to shareholders, Alcan's Board of Directors will consider the proposal and how it could impact the interests of Alcan's shareholders and other stakeholders.
Alcan's Board of Directors and management remain committed to building and delivering value for shareholders and other stakeholders, and believe that Alcan's strategy and recent performance and accomplishments clearly demonstrate this commitment.

Alcan recommends that its shareholders defer making any decision until
the Board has had an opportunity to fully review the expected offer and to
make a formal recommendation as to its merits. Shareholders will be promptly
notified of any recommendation by the Board through a news release and
circular in accordance with applicable securities laws.

About Alcan
Alcan Inc. (NYSE: AL, TSX: AL) is a leading global materials company,
delivering high quality products and services worldwide. With world-class
technology and operations in bauxite mining, alumina processing, primary
metal smelting, power generation, aluminum fabrication, engineered solutions
as well as flexible and specialty packaging today's Alcan is well positioned
to meet and exceed its customers' needs. Alcan is represented by 68,000
employees, including its joint-ventures, in 61 countries and regions, and
posted revenues of US$23.6 billion in 2006. The company has featured on the
Dow Jones Sustainability World Index consecutively since 2003. For more
information, please visit: www.alcan.com.

Source: Alcan Inc.

For further information:Media Contact:
Anik Michaud,
+1-514-848-8151;
Investor Contact:
Ulf Quellman,
+1-514-848-8368

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