EXHIBIT 99.1

Exhibit 99.1

NOVELIS PROVIDES BI-WEEKLY STATUS UPDATE

ATLANTA, Feb. 27 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL) (TSX:
NVL) today provided a status update pursuant to the policies of the Ontario
Securities Commission (OSC) and the Canadian Securities Administrators (CSA).

Novelis reported that a majority of its outstanding shares are now held,
either directly or indirectly, by U.S. residents. As a result, Novelis no longer
qualifies as a "foreign private issuer" under the rules and regulations of the
United States Securities and Exchange Commission (SEC). Because of this change
in status, the Company is now required to comply with all U.S. securities laws
as a domestic U.S. reporting issuer.

Since it became a public company in January 2005, Novelis has complied with
all rules applicable to domestic U.S. issuers, with the exception of the
requirement to report insiders' holdings of the Company's stock and related
requirements under section 16 of the Securities Exchange Act of 1934. As a
"foreign private issuer", the Company had also been exempt from certain proxy
solicitation rules under section 14 of that statute. The Company will begin to
comply with these requirements, and it will continue to comply with applicable
Canadian securities laws.

Otherwise, there have been no other material developments since Novelis'
February 13, 2006, status update on the matters initially reported in its press
release of November 7, 2005.

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 technically 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. Important
factors which could cause such differences include: the price of aluminum;
global supply and demand conditions for rolled aluminum products; changes in the
relative value of various currencies; demand and pricing within the principal
markets for the Company's products; changes in government regulations,
particularly those affecting environmental, health or safety compliance;
economic developments; relationships with (and financial or operating conditions
of) customers and suppliers; competition from other aluminum rolled products
producers as well as from substitute materials such as steel, glass, plastic and
composite materials; the level of our indebtedness and ability to generate cash;
and other factors relating to the Company's ongoing operations. Additional
important factors that could cause such differences in actual results include:
the materiality of items identified during the review and restatement process;
the timing to complete the review and restatement; the agreement of the lenders
and regulatory authorities to the requested extensions to the referenced filing
deadlines; and preliminary estimates of debt reduction, cash balances and
quarter-over- quarter improvement in regional income. The financial information
provided in this news release was prepared by management and has not been
audited. 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.

SOURCE Novelis Inc.
-0- 02/27/2006
/CONTACT: Media, Charles Belbin, +1-404-814-4260, or
charles.belbin@novelis.com, or Investors, Holly K. Ash, +1-404-814-4212, or
holly.ash@novelis.com, both of Novelis Inc./
/Web site: http://www.novelis.com /