Exhibit 99(d)
June 28, 2007
Mr Richard B. Evans
President and Chief Executive Officer
Alcan Inc.
1188 Sherbrooke Street West
Montreal, Quebec, Canada H3A 3G2
Dear Dick:
I cannot understand the response we received from you this morning. As I have indicated in our last two letters and our conversation, I am ready to consider value for your shareholders beyond that reflected in our outstanding offer. I thought this effort was consistent with your stated goal and your Board’s fiduciary duties. I trust that you will agree with me that the only way you can be confident that you have maximized value for your shareholders and achieved a transaction that is in the best interests of your shareholders is to include us in any process you may be pursuing. I and our advisors stand ready to engage in substantive conversations with you and your Board at the earliest practicable time.
Best regards,
Alain Belda
cc: | Y. Fortier |
P. Tellier