EXHIBIT 99.2

Exhibit 99.2

NEWS RELEASE [LOGO OF NOVELIS]
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For Immediate Release

NOVELIS POSTPONES RECORD DATE AND ANNUAL MEETING

WILLIAM T. MONAHAN APPOINTED NON-EXECUTIVE CHAIRMAN

ATLANTA - May 1, 2006 - Novelis Inc. (NYSE: NVL) (TSX: NVL) announced today that
it has postponed its record date and 2005 annual shareholders meeting,
originally scheduled for May 1, 2006, and June 29, 2006, respectively. An
application will be made to the Ontario Superior Court of Justice for an order
extending the time for holding the meeting to a date not later than December 31,
2006. Novelis is currently working on setting an updated schedule and will
provide new dates in the future.

In an update to shareholders on April 6, 2006, Novelis discussed its financial
restatement process and review of its opening balance sheet, and reported that
it was seeking from its credit facility lenders an extension to May 15, 2006, to
complete its financial review and finalize the amended Form 10-Qs for the first
and second quarters of 2005 and the Form 10-Q for the third quarter of 2005. The
company subsequently received the waiver. The remaining technical requirements
and approval process are the only significant components of the review that are
not yet complete. Novelis is carefully monitoring its progress in finalizing the
financial reporting for the first three quarters of 2005 and, based on its
current evaluation, it believes another extension may be possible.

The additional time required to complete the financial review has also put added
pressure on the current deadline of May 31, 2006, for filing the Annual Report
on Form 10-K and the June 15, 2006, deadline for the first quarter 2006 Form
10-Q. The company currently expects that an extension of this deadline will be
necessary and will begin taking appropriate steps to obtain the necessary waiver
from its lenders. Novelis remains committed to releasing its financial results
for 2005 as quickly as possible and will provide an update shortly.

Novelis also announced that it has increased the maximum size of its board from
12 to 14 members and that its Board of Directors has appointed William T.
Monahan as non-executive Chairman, succeeding J.E. (Ted) Newall, effective
today. Mr. Monahan is an experienced leader who most recently served as Chief
Executive Officer of Imation following its spin-off from 3M. The company
previously said that the Board intended to appoint Mr. Monahan to this position
upon Mr. Newall's retirement at the annual meeting. Since the annual meeting has
been postponed, the Board decided to accelerate Mr. Monahan's appointment. Mr.
Newall will continue to serve on the Board until the annual meeting.

Due to the increase in its size, there are currently two vacancies on the Board.
However, because the annual meeting has been delayed, the Board may fill one or
both vacancies with nominees to the Board before the annual meeting.


Novelis is the global leader in aluminum rolled products and aluminum can
recycling. The company operates in 11 countries and has approximately 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. 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.

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MEDIA CONTACT: INVESTOR CONTACT:
Charles Belbin Holly K. Ash
404-814-4260 404-814-4212
charles.belbin@novelis.com holly.ash@novelis.com

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