EXHIBIT 99.1

Exhibit 99.1

NOVELIS RECEIVES NOTICE OF DEFAULT UNDER BOND INDENTURE DUE TO
DELAYED FILINGS; WILL SEEK TO FILE FINANCIAL STATEMENTS WITHIN
CURE PERIOD

Bondholder Consent Solicitation Allowed to Expire

ATLANTA, July 25 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL)
(TSX: NVL) today reported that on July 21, 2006, it received a notice of default
from the trustee for the bondholders with respect to its $1.4 billion 7-1/4%
Senior Notes due 2015. The default results from the failure of Novelis to file
its 2005 Form 10-K and its Form 10-Q for the first quarter of 2006 on a timely
basis. The delay in filing these financial statements is a direct result of the
time needed to complete the Company's recent financial review and restatement.
Novelis concluded the review and restatement on May 16, 2006, and is working
diligently to return to a normal financial reporting schedule.

The Senior Notes were initially issued and sold in a private placement on
February 3, 2005.

The notice informs Novelis that it is in default of its financial reporting
obligations and requires that it cure the default within 60 days. If the Company
does not file the delayed 10-K and 10-Q by September 19, 2006, the date which
marks the end of the specified cure period, an event of default occurs. At that
point, the trustee or holders of at least 25% in aggregate principal amount of
the Senior Notes may elect to immediately accelerate the maturity of the Senior
Notes ($1.4 billion principal amount outstanding).

Novelis will seek to file its 2005 Form 10-K and its Form 10-Q for the first
quarter of 2006 within the cure period -- that is, on or before September 19,
2006.

Anticipating the eventual receipt of a proper notice of default, the Company
had attempted from June 5 to July 19, 2006, to proactively resolve the issue by
obtaining a waiver from the bondholders pursuant to a consent solicitation.
Under the consent solicitation, the Company would have paid $21 million to the
bondholders who agreed to grant the waiver. However, because the solicitation
expired without the Company receiving the consent of the holders of at least a
majority in aggregate principal amount of the Senior Notes, the consent
solicitation has lapsed. As the Company will vigorously pursue the filing of its
delayed financial reports within the 60-day cure period, it does not currently
plan to extend or renew the bondholder consent solicitation.

Novelis said that the notice of default from the bondholders also
accelerates the deadline to file the delayed reports under the existing waiver
to its Credit Agreement (dated May 16, 2006). Under the terms of the existing
waiver, the filing and reporting deadline for Novelis' 2005 Form 10-K was
extended to September 29, 2006. The deadline for its Form 10-Q for the first
quarter of 2006 was likewise extended to October 31, 2006. However, under the
terms of the existing Credit Agreement waiver, the filing deadlines accelerate
to 30 calendar days for the Form 10-K and the Form 10-Q now that the Company has
received the notice of default relative to the Senior Notes.


Because the Company will be unable to file the delayed Form 10-K and Form
10-Q within this shorter 30-day period, it expects to request another waiver
from its lenders to file the delayed reports within a time frame that
approximates the dates it now expects to file the 2005 Form 10-K and the Form
10-Q for the first quarter of 2006.

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. Examples of forward-looking statements in this news release
include, among other matters, Novelis' expectation to file its delayed reports
within the referenced cure period. Novelis cautions that, by their nature,
forward-looking statements involve risk and uncertainty. Several factors which
could cause Novelis to not file its delayed reports within the referenced cure
period include the agreement of lenders and regulatory authorities to waivers to
be requested to extend the referenced filing deadlines, the inability of the
Company to file its delayed reports within the referenced cure period, and a
subsequent decision to extend or renew the bond solicitation. We do not intend,
and we disclaim any obligation, to update any forward-looking statements,
whether as a result of new information, future events or otherwise. Please refer
to the risk factors that are included under the caption "Risk Factors" in our
registration statement on Form S-4, as amended and filed with the SEC, and may
be discussed in subsequent filings with the SEC. The risk factors included in
our registration statement on Form S-4, as amended, are specifically
incorporated by reference into this news release.

SOURCE Novelis Inc.
-0- 07/25/2006
/CONTACT: Charles Belbin of Novelis, +1-404-814-4260, or
charles.belbin@novelis.com/
/First Call Analyst: /
/FCMN Contact: charles.belbin@novelis.com /
/Web site: http://www.novelis.com /