Novelis Announces Higher Prices for Aluminum Rolled Products in Europe

Zurich – Novelis announced today that the company will increase prices for special film products it sells to European distributors and customers in the industry. The production of the company will increase depending on the product by up to € 100 per tonne.

The price change is effective immediately and remain in force for all incoming orders and all deliveries from 1 October 2010. Orders, which are based on the current state fixed contracts are not affected by this announcement.

“In addition to the May price increase announced we can continue to announce significant growth in order intake in the range of film products in Europe, as well as an increase in premiums for the aluminum spot price,” said Tadeu Nardocci, Senior Vice President of Novelis Inc., and President of Novelis Europe. “This price adjustment will be made in light of the current situation and the metal and capacity constraints.”

Too, have the prices for strip coating, the Novelis in the construction industry and the transportation and industrial markets supplies will be adjusted upward to align the current price of the market.

Novelis is the leading provider of high quality aluminum foil for the European market.

About Novelis

Novelis Inc. is in aluminum rolled products and the recycling of aluminum cans as an international leader. The company has subsidiaries in 11 countries, employs approximately 11,600 people and was recorded in fiscal year 2010 annual revenues of 8.7 billion. Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing industries across North America, South America, Europe and Asia. Novelis is a subsidiary of Hindalco Industries Limited, one of the largest integrated producer of aluminum in Asia and also a leading copper producer. Hindalco is the flagship company of the multinational conglomerate Aditya Birla Group in Mumbai (India).