|Title of Security||CUSIP Number||Principal Amount Outstanding (1)||Tender Cap||Early Tender Payment (2 )||Total Consideration Acceptable Range (2) (3)|
|Senior Floating Rate Notes due 2015||65543AAB0||$350,310,860||$75,000,000||$30.00||$950.00 to $997.50|
|(1) Aggregate principal amount outstanding as of February 21, 2012.|
|(2) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest, which will be paid in addition to the Total Consideration|
|(3) Includes the Early Tender Payment.|
Noranda Aluminum Acquisition Corporation (“Noranda”), a leading North American integrated producer of value-added primary aluminum products, today announced the commencement of a modified “Dutch Auction” tender offer (the “Offer”) for a portion of its outstanding Senior Floating Rate Notes due 2015 (the “Notes”). A summary of the offer is outlined below:
Noranda is offering to purchase, for cash, up to $75 million (the “Tender Cap”) aggregate principal amount of the Notes, in accordance with the modified Dutch Auction procedures, described below. As of February 21, 2012, approximately $350 million aggregate principal amount of Notes were outstanding.