Novelis Completes Notes Exchange Offer


    


    
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<p><location>ATLANTA</location>, <chron>Jan. 12</chron> /CNW/ -- Novelis Inc. announced today that it has completed its offer to exchange up to <money>$185 million</money> aggregate principal amount of its 11-1/2% Senior Notes due 2015, which have been registered under the Securities Act, for its outstanding unregistered 11-1/2% Senior Notes due 2015.</p>
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    (Logo: http://www.newscom.com/cgi-bin/prnh/20070809/NOVELISLOGO )

    
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<p>The exchange offer expired at <chron>5 p.m. ET</chron>, on <chron>January 11, 2010</chron>. A total of <money>$185 million</money> (100%) of the notes were validly tendered and accepted for exchange by Novelis.</p>
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<p>This exchange offer was performed pursuant to the registration rights agreement signed as part of the financing transaction completed in <chron>August 2009</chron> and does not represent a new financing transaction.</p>
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<p>Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling.  The company operates in 11 countries, has approximately 12,000 employees and reported revenue of <money>$10.2 billion</money> in fiscal year 2009.  Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), a flagship company of the Aditya Birla Group, a multinational conglomerate based in <location>Mumbai</location>, <location>India</location>.  For more information, please visit <a href="http://www.novelis.com">www.novelis.com</a>.</p>
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For further information: For further information: Media Relations, Charles Belbin, +1-404-814-4260, charles.belbin@novelis.com; Investor Relations, Isabel Janci, +1-404-814-4730, isabel.janci@novelis.com Web Site: http://www.novelis.com

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