Teksid Aluminum Luxembourg S.a r.l., S.C.A. Announces a Tender Offer for up to EUR35,150,000.00 Aggregate Principal Amount of its Outstanding Senior Notes



    CARMAGNOLA, Italy, March 29 /CNW/ - Teksid Aluminum Luxembourg S.a r.l.,
S.C.A. (the "Company") announced today that it has commenced a tender offer
for a portion of its 11 3/8 % Senior Notes due 2011 (the "Senior Notes")
pursuant to an Offer to Purchase statement dated March 29, 2007 (the
"Statement"). The tender offer will expire at 10:00 a.m., New York City time
(3:00 p.m., London time), on April 27, 2007, unless extended or earlier
terminated (as such date and time may be extended or earlier terminated, the
"Expiration Date").
    Holders of Senior Notes who validly tender (and do not validly withdraw)
their Senior Notes prior to 10:00 a.m., New York City time (3:00 p.m., London
time), on the Expiration Date, will receive 100% of the principal amount of
the outstanding Senior Notes (the "Purchase Price"), plus accrued and unpaid
interest thereon from the most recent payment of interest preceding the
Payment Date (as defined herein) up to, but not including, the Payment Date
(the "Accrued Interest," together with the Purchase Price, the "Tender Offer
Consideration"). All payments will be made on May 1, 2007, unless extended (as
such date may be extended, the "Payment Date"). The Company will not spend
more than EUR36,430,778.13 in the aggregate to purchase its outstanding Senior
Notes at par, which amount includes the payment of the Purchase Price and
Accrued Interest on the Payment Date.
    In the event that the aggregate principal amount of Senior Notes validly
tendered and not validly withdrawn by Holders prior to the Expiration Date
exceeds EUR35,150,000.00, the Company will accept Senior Notes for payment on
a pro rata basis from among such tendered Senior Notes. Any such pro rata
allocation will be calculated by multiplying the principal amount of Senior
Notes validly tendered via a tender instruction by a factor equal to the
aggregate principal amount of the Senior Notes that the Company is to purchase
divided by the aggregate principal amount of the Senior Notes validly tendered
and not validly withdrawn. Each offer to sell reduced in this manner will be
rounded down to the nearest denomination of EUR50,000 and integral multiples
of EUR1,000 in excess thereof. Any tendered Senior Notes not purchased due to
proration will be returned to the Holder thereof as promptly as practicable
after the Payment Date. There is no condition that any minimum amount of
Senior Notes must be tendered in the Tender Offer for the Company to accept
the Senior Notes for payment.
    Tenders of Senior Notes prior to the Expiration Date may be validly
withdrawn at any time prior to 10:00 a.m., New York City time (3:00 p.m.,
London time), on the Expiration Date, but not thereafter unless the tender
offer is terminated without any Senior Notes being purchased. The Company's
obligation to accept for payment and pay for the Senior Notes validly tendered
pursuant to the tender offer is conditioned upon the satisfaction or waiver of
various conditions described in the Statement.
    These conditions are for the Company's sole benefit and the Company may
waive them in whole or in part at any or at various times prior to the
expiration of the tender offer in its sole discretion. In addition, subject to
the terms set forth in the Statement, the Company expressly reserves the
right, but will not be obligated, at any time or from time to time, on or
prior to the Expiration Date, to extend or amend the tender offer in any
respect, subject to applicable law.
    The trustee under the indenture governing the Senior Notes, has informed
the Company that all custodian and beneficial Holders of Senior Notes hold
their Senior Notes through Euroclear or Clearstream, Luxembourg accounts and
that there are no physical Senior Notes in non-global form. Accordingly, there
are no letters of transmittal for the tender offer. Holders may tender their
Senior Notes by submitting an election instruction notice through Euroclear
and Clearstream, Luxembourg. The Company will make letters of transmittal
available to any Holders holding Senior Notes in physical form. Holders who
believe that they are holding a Senior Note in physical form should contact
the Luxembourg Tender Agent, The Bank of New York (Luxembourg) S.A., to obtain
a letter of transmittal.
    For information regarding the tender offer, including information
regarding the calculation of the principal amount of Senior Notes subject to
the tender offer, the conditions to the tender offer and the procedures for
tendering Senior Notes, please refer to the Statement.

    This announcement is for informational purposes only and does not
constitute an invitation to participate in the tender offer in any
jurisdiction in which, or to or from any person to or from whom it is unlawful
to make such invitation under applicable securities laws. The distribution of
this announcement in certain jurisdictions may be restricted by law. Persons
into whose possession this document comes are required to inform themselves
about, and to observe any such restrictions. The tender offer is made only by
the Statement dated March 29, 2007. You should read the Statement before
making a decision whether to tender the Senior Notes.

    This press release shall not constitute an offer to buy or solicitation
of an offer to sell, nor shall there be any purchase or sale of the Senior
Notes in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning
of the federal securities laws relating to the tender offer. These statements
are based upon management's current expectations and beliefs and are subject
to certain risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. These risks
and uncertainties include market conditions and other factors beyond the
Company's control and the risk factors and other cautionary statements
discussed in the Statement.




For further information:

For further information: Lazard Freres & Co. LLC (30 Rockefeller Plaza,
New York, New York 10020, U.S.A., Attention: Investment Banking Department,
Tel: (212) 632-6000 or 1-800-LAZ-F144 (toll-free)), in its capacity as the
Dealer Manager. Copies of the Statement may be obtained from The Bank of New
York and The Bank of New York (Luxembourg) S.A. (One Canada Square, London E14
5AL, England, Attention: Corporate Trust Administration, e-mail:
lloydgeorge@bankofny.com, Tel: +44-207-964-6461), in their capacity as Tender
Agents and Information Agents

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TEKSID ALUMINUM

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