In order to bring the organization of the Pechiney Group more into line with its different businesses, the group recently announced that its aluminum activities have been divided into two distinct sectors. The Primary Aluminum sector will include the bauxite, alumina and aluminum production businesses, as well as ferroalloys activities. The Aluminum Conversion sector will manufacture rolled products, extrusions and casting alloys. This new organization of Aluminum, with activities divided into two sectors that have expertise to share with one another, reflects Pechiney's business-based strategy. These two sectors represent very distinct areas of activity that operate in very different industrial environments and markets. The Group expects this organization to result in greater simplicity and responsiveness, through continued implementation of the Pechiney Continuous Improvement System and profitable growth projects. This new organization will take effect February 1, 2003.

For additional information, call (33) 156-282507 or (33) 156-282508, or fax (33) 156-283338. The Group's website is located at http://www.pechiney.com .