PRESS RELEASE

Record results for ALUMINIUM DE GRECEThe Board of Directors of ALUMINIUM DE GRECE, meeting on the 23rd of February 2001, approved the 2000 financial statements which showed a record turnover and net profit before tax of $395.2 million (GRD 144.5 billion) and $87.2 million (GRD 30 billion) respectively. These results are due to the good level of aluminium prices, the appreciation of the US $, the increase of production and improved productivity.The Board of Directors will propose to the General Shareholders Meeting of the 28th of May 2001 the payment of a net dividend of ?2.60 (GRD 885.95) per share.As of April the 9th 2001, a WEB SITE with information about our Company will be at your disposal, at the following address : www.alugre.pechiney.com

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