Novelis Inc. Announces Extension of Change of Control Offer for 7-1/4% Senior Notes Due 2015



    ATLANTA, June 28 /CNW/ -- Novelis Inc. announced today the extension of
the expiration date of its previously announced change of control offer to
5:00 p.m., New York City time, on July 3, 2007.  The original change of
control offer expiration date was 8:00 a.m., New York City time, on June 15,
2007 and was extended to 5:00 p.m., New York City time, on June 27, 2007. As
of the extended expiration date, $984,000 aggregate principal amount of senior
notes had been validly tendered pursuant to the change of control offer.  All
senior notes validly tendered pursuant to the change of control offer prior to
the new extended expiration date will be entitled to receive the offer
consideration of $1,010 per $1,000 principal amount of senior notes.
    Other than as set forth herein, the change of control offer as described
in the Offer to Purchase and Consent Solicitation Statement dated May 16,
2007, remains unchanged.
    UBS Investment Bank and ABN AMRO Incorporated are acting as dealer
managers in connection with the change of control offer.  Questions about the
change of control offer may be directed to the Liability Management Group of
UBS Investment Bank at (888) 722-9555 ext. 4210 (toll free) or (203) 719-4210
(collect) and to Robert Silverschotz at ABN AMRO Incorporated at (212) 409-
6862.  Requests for documentation should be directed to Global Bondholder
Services Corporation, the information agent in connection with the change of
control offer, at (212) 430-3774 or (866) 807-2200 (toll free).  The
depositary for the change of control offer is The Bank of New York Trust
Company, N.A.
    This news release is for informational purposes only and is not an offer
to purchase or a solicitation of an offer to sell securities.  No
recommendation is made as to whether or not holders of senior notes should
tender their securities pursuant to the change of control offer.

    
    About Novelis
    
    Novelis Inc. is the global leader in aluminum rolled products and
aluminum can recycling.  The company operates in 11 countries, has
approximately 12,900 employees and reported revenue of $9.8 billion in 2006. 
Novelis supplies premium aluminum sheet and foil products to automotive,
transportation, packaging, construction, industrial and printing markets
throughout Asia, Europe, North America and South America.  For more
information, visit www.novelis.com.  Novelis is a subsidiary of Hindalco
Industries Limited, Asia's largest integrated producer of aluminum and a
leading copper producer. Hindalco is the flagship company of the Aditya Birla
Group, a multinational conglomerate based in Mumbai, India.

    Statements made in this news release which describe Novelis' intentions,
expectations or predictions may be forward-looking statements within the
meaning of securities laws.  Examples of forward-looking statements in this
news release include those related to Novelis' expectations or predictions
related to the future acquisition of the senior notes through redemption, open
market purchases, privately negotiated transactions, tender offers, exchange
offers or otherwise, upon such terms and for such consideration as Novelis or
its affiliates may determine.  Novelis cautions that, by their nature,
forward-looking statements involve risk and uncertainty.  Novelis does not
intend, and disclaims any obligation, to update any forward-looking
statements, whether as a result of new information, future events or
otherwise.  Important risk factors which could impact Novelis are included
under the caption "Risk Factors" in Novelis' Annual Report on Form 10-K for
the year ended December 31, 2006, as amended and filed with the SEC, and are
specifically incorporated by reference into this news release.





For further information:

For further information: Media, Charles Belbin of Novelis Inc., 
+1-404-814-4260, mobile, +1-404-803-2588, charles.belbin@novelis.com Web Site:
http://www.novelis.com/

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