NVL Novelis Inc

ATLANTA, Aug. 11 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE:NVL) (TSX: NVL) today announced that the lenders under its Credit Agreement have agreed to extend until September 18, 2006, the deadline for filing its 2005 Annual Report on Form 10-K and its 2006 first quarter report on Form 10-Q. The filing deadlines for these two reports had become accelerated to August 18, 2006, following the receipt of an effective notice of default on July 21, 2006, in connection with the Company's Senior Notes due 2015. The Credit Agreement lenders also agreed to extend the deadlines for filing the Company's 2006 second and third quarter reports on Form 10-Q. The second quarter report shall be due the earlier of 59 days after the receipt of a new notice of default, should one occur in connection with the second quarter filings, and November 30, 2006. The third quarter report shall be due the earlier of 30 days after the receipt of a new notice of default, should one occur in connection with the third quarter filings, and December 29, 2006 Novelis is the global leader in aluminum rolled products and aluminum can recycling. The Company operates in 11 countries and has approximately 13,000 employees. Novelis has the unrivaled capability to provide its customers with a regional supply of technologically sophisticated rolled aluminum products throughout Asia, Europe, North America, and South America. Through its advanced production capabilities, the Company supplies aluminum sheet and foil to the automotive and transportation, beverage and food packaging, construction and industrial, and printing markets. For more information, visit http://www.novelis.com/ . DATASOURCE: Novelis Inc. CONTACT: Charles Belbin of Novelis Inc., +1-404-814-4260, Web site: http://www.novelis.com/

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