ALCAN INC

Alcan Inc. declares dividend

Montreal - Alcan Inc. (stock symbol: AL) today declared a quarterly dividend of 15 cents, in U.S. funds, per Common Share, payable on December 20, 2001, to shareholders of record at the close of business on November 20, 2001.

There are currently approximately 320.9 million Common Shares outstanding.

Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with annual revenues of approximately US$13 billion. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 52,000 people and has operating facilities in 38 countries.

Media Contact: Marc Osborne, tel: +1 (514) 848-1342; Investor Contact: Michael Hanley, tel: +1 (514) 848-8368

26 okt 01 10:10