EXHIBIT 99.1
Published on February 23, 2006
Exhibit 99.1
NEWS RELEASE
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For Immediate Release
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NOVELIS DECLARES QUARTERLY DIVIDEND
ATLANTA - Feb. 23, 2006 - The Board of Directors of Novelis Inc. (NYSE: NVL)
(TSX: NVL) today declared a regular quarterly dividend of US$0.09 per share on
outstanding common stock, payable March 23, 2006, to shareholders of record at
the close of business on March 8, 2006.
There are approximately 74 million common shares of Novelis Inc. stock
outstanding.
Novelis is the global leader in aluminum rolled products and aluminum can
recycling. The Company has 36 operating facilities in 11 countries and more than
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 www.novelis.com.
Statements made in this news release which describe Novelis' intentions,
expectations or predictions may be forward-looking statements within the meaning
of securities laws. Novelis cautions that, by their nature, forward-looking
statements involve risk and uncertainty and that Novelis' actual results could
differ materially from those expressed or implied in such statements. Reference
should be made to Novelis' registration statement on form S-4 filed with the
Securities and Exchange Commission for a discussion of major risk factors.
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MEDIA CONTACT: INVESTOR CONTACT:
Charles Belbin Holly Ash
+1 404 814 4260 +1 404 814 4212
charles.belbin@novelis.com holly.ash@novelis.com