COEGA Project (South Africa) Modelled plan of the future COEGA plant. Alcan signed a long-term energy agreement for the aluminium smelter with Eskom in November, 2006. The Industrial Development Corporation of South Africa (IDC) will have a 15-percent stake. An additional five percent has been reserved for Broad Based Black Economic Empowerment (BBBEE) partners. Alcan is also in discussions with additional potential partners. The project has an estimated total cost of US$2.7 billion for both phases and project financing is expected to be used. The greenfield project will use the latest version of Alcan’s proprietary AP3X series smelting technology, with world-leading environment, health and safety performance. Greenhouse gas (GHG) emissions generated by AP technology and energy consumption are among the lowest in the world (based on the International Aluminium Institute’s 2003 Survey results and CRU 2006 data, respectively). Already, 6 million tonnes of global capacity are equipped with AP technology and a further one million tonnes of additional capacity are either under construction or being commissioned. In July 2007, Alcan announced that the EPCM contract was awarded to a joint venture between SNC-Lavalin, Hatch and Murray & Roberts. SNC-Lavalin and Hatch already have offices in South Africa. Murray & Roberts is a leading engineering and contracting group based in South Africa. The joint venture brings together significant experience at working on projects on the African continent. The engineering team will be based in South Africa, after an initial start-up phase, of approximately six months, in Montreal. Phase I construction of the smelter is expected to begin in 2008 and is subject to the successful completion of the project's next steps and financial arrangements. Phase I is scheduled to come on line in 2010. The project, which is expected to be a significant catalyst for other foreign direct investment in South Africa, will bring badly needed jobs and economic development to South Africa’s Eastern Cape Province, which has an estimated 40% unemployment rate. Nelson Mandela and current South African President, Thabo Mbeki, as well as many of the most renowned anti-apartheid activists, are from the Eastern Cape Province. COEGA Team organizational chart Map of South Africa Contact: Robert Valdmanis Director, Stakeholder Relations and Communications Robert.Valdmanis@alcan.com

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