Alcan Issues $500 Million 10-Year Global Notes 2002/09/06

Montreal, Canada — Alcan Inc. (NYSE, TSX : AL) announced a public offering in the United States of US $500 million 4 7/8 percent global notes, due 15 September 2012. Credit Suisse First Boston Corporation is lead underwriter and sole bookrunner. J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Salomon Smith Barney Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Dominion Securities Corporation, Scotia Capital (USA) Inc. and UBS Warburg LLC are co-underwriters of the offering, which is to be made by prospectus only. Net proceeds to the Company from the sale of the notes will be used to repay existing long-term debt and commercial paper borrowings. Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with 2001 revenues of US$12.6 billion. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 48,000 people and has operating facilities in 38 countries. -30- Media Contact: Marc Osborne +1 (514) 848-1342 Investor Contact: Jo-Ann Longworth +1 (514) 848-8368

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