Exhibit 99.1
NEWS RELEASE
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FOR IMMEDIATE RELEASE
NOVELIS DECLARES QUARTERLY DIVIDEND
ATLANTA, Oct. 27, 2006 - The Board of Directors of Novelis Inc. (NYSE: NVL)
(TSX: NVL) yesterday declared a quarterly dividend of US$0.01 per share on its
outstanding common stock, payable on December 20, 2006, to shareholders of
record at the close of business on November 20, 2006.
There are approximately 74 million common shares of Novelis Inc. stock
outstanding.
Novelis is the global leader in aluminum rolled products and aluminum can
recycling. The company operates in 11 countries and has approximately 12,500
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. Reference
should be made to Novelis' Annual Report on 10-K for the year ended December 31,
2005, as amended and filed with the Securities and Exchange Commission, for a
discussion of major risk factors.
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MEDIA CONTACT: INVESTOR CONTACT:
Charles Belbin Eric Harris
404-814-4260 404-814-4304
charles.belbin@novelis.com eric.harris@novelis.com