Rio Tinto Offer for Alcan Expires with over 98% of Shares Tendered

    LONDON, Nov. 8 /CNW/ - Rio Tinto today announces that the offer (the
"Offer") by Rio Tinto Canada Holding Inc. ("RTCH") to acquire all of the
shares of Alcan Inc. ("Alcan") is now closed for acceptance.
    As at the expiry time of the Offer (6:00pm Eastern Time (Canada) on
November 8, 2007), approximately 8,585,000 additional common shares of Alcan
have either been validly deposited and taken up or are covered by notices of
guaranteed delivery. These additional shares (which represent approximately
2.28% of the outstanding shares), together with approximately 360,431,000
shares already beneficially owned by RTCH, represent approximately 98.10% of
the outstanding shares of Alcan.
    RTCH will promptly exercise its right to acquire all the remaining Alcan
shares by way of compulsory acquisition under the Canada Business Corporations
Act. Notices of compulsory acquisition will be mailed to remaining
shareholders as soon as practicable.

    About Rio Tinto

    Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London listed company, and Rio Tinto Limited,
which is listed on the Australian Securities Exchange.
    Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal and
uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and
iron ore. Activities span the world but are strongly represented in Australia
and North America with significant businesses in South America, Asia, Europe
and southern Africa.

For further information:

For further information: or a copy of reports filed under Canadian
securities legislation, please contact: Rio Tinto Canada Holding Inc., 770
Sherbrooke Street West, Suite 1800, Montreal, Quebec, H3A1G1; Or please
contact: Media Relations, London: Christina Mills, Office: +44 (0) 20 8080
1306, Mobile: +44 (0) 7825 275 605; Nick Cobban, Office: +44 (0) 20 8080 1305,
Mobile: +44 (0) 7920 041 003; Investor Relations, London: Nigel Jones, Office:
+44 (0) 20 7753 2401, Mobile: +44 (0) 7917 227 365; David Ovington, Office:
+44 (0) 20 7753 2326, Mobile: +44 (0) 7920 010 978; Media Relations,
Australia: Ian Head, Office: +61 (0) 3 9283 3620, Mobile: +61 (0) 408 360 101;
Amanda Buckley, Office: +61 (0) 3 9283 3627, Mobile: +61 (0) 419 801 349;
Investor Relations, Australia: Dave Skinner, Office: +61 (0) 3 9283 3628,
Mobile: +61 (0) 408 335 309; Investor Relations, North America: Jason Combes,
Office: (801) 685-4535, Mobile: (801) 558-2645; Email:,
Website:; High resolution photographs available at:

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