Alcan removed from S&P 500

RNS Number:4610Y
Alcan Inc
10 July 2002

Press Release

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FOR IMMEDIATE RELEASE



             ALCAN DISAPPOINTED WITH STANDARD & POORS' DECISION TO

                             RE-ALIGN S&P 500 INDEX




MONTREAL, CANADA - June 10, 2002 - Alcan Inc. (NYSE, TSE: AL) expressed
disappointment with the S&P decision to re-align the S&P 500 Index. Travis
Engen, President and Chief Executive Officer, said "In reacting to this surprise
announcement, I can only express disappointment. Alcan has been a member of the
S&P 500 Index and its predecessors for over 65 years. With nearly half of our
shareholders and over a third of our revenues based in the U.S., we are a
fully-established element of the U.S. equities market."


Alcan is listed on the New York, Toronto, London and Swiss stock exchanges. The
Company is also a member of many stock indices including: TSX Composite, TSX 60,
TSX Canadian Materials, DJ Canada Titans, DJ Sustainability, International
Herald Tribune North America and TSX Integrated Mining. In addition, at the end
of June, Alcan was selected as an inaugural member of the NYSE Global Leaders
and NYSE International 100 indices.


Alcan's quarterly results conference call with analysts will take place on
Tuesday, July 16, 2002 at 10:00 a.m. (Montreal Time) and will be webcast via the
Internet at www.alcan.com.


Alcan is a multinational, market-driven company and a global leader in aluminum
and specialty packaging with annual revenues of US$12.6 billion in 2001. 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
approximately 48,000 people and has operating facilities in 38 countries.




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Media Contact:                    Marc Osborne                [phone]


Investment Community Contact:     Jo-Ann Longworth            [phone]






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