EXHIBIT 99.3 NEWS FROM: REYNOLDS METALS COMPANY Public Relations Staff Richmond, VA 23261 CONTACT: Drew Lybrook Telephone: (804) 281-2965 Home: (804) 360-5736 FOR IMMEDIATE RELEASE: August 26, 1994 RICHMOND, Va. -- Reynolds Metals Company (NYSE & CHX: RLM) reported today that it has been notified it will receive a civil investigative demand from the U. S. Department of Justice relating to production of primary aluminum. The company said it will cooperate with the inquiry and is confident that its conduct has been in compliance with U.S. antitrust laws. # # # CO8-2694-AML