MONTREAL, July 26 /PRNewswire-FirstCall/ -- The Board of Directors of Alcan Inc. today approved the redemption of its Floating Rate Cumulative Redeemable Preference Shares, Series C, 1984 Issue and 1985 Issue, and its Cumulative Redeemable Preference Shares, Series E, on September 3, 2007. The redemption price is CAD25.00 per Preference Share. There are 4,199,900 Preference Share, Series C, 1984 Issue, 1,500,000 Preference Shares, Series C, 1985 Issue and 2,999,900 Preference Shares, Series E outstanding. Notice will be sent to registered shareholders setting out the procedure to be followed for the redemption of the shares. Alcan Inc. (NYSE, TSX: AL) is a leading global materials company, delivering high quality products, engineered solutions 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, posted revenues of US$23.6 billion in 2006. The Company has featured on the Dow Jones Sustainability World Index. For more information, please visit: http://www.alcan.com/. %B NM %C 1, %D Redeem Preference Shares DATASOURCE: ALCAN - EN CONTACT: Media Contact: Anik Michaud, +1-514-848-8151, ; Investor Contact: Ulf Quellmann, +1-514-848-8368,

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