KALU Kaiser Aluminum Corporation

Kaiser Aluminum Corporation (NASDAQ: KALU) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed secondary public offering of 2,517,955 shares of common stock to be sold by a voluntary employees� beneficiary association trust that provides benefits to eligible retirees represented by certain unions. The selling stockholder intends to grant a 30-day over-allotment option to the underwriters covering an additional 377,693 shares. The company will not be receiving any proceeds of the offering. UBS Investment Bank and Bear, Stearns�& Co. Inc. are acting as joint book-running managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the prospectus for the offering may be obtained, when available, from UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171 or from Bear, Stearns�& Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, NY 10179. You may obtain a copy of the registration statement by visiting EDGAR on the Securities and Exchange Commission�s web site at www.sec.gov. Kaiser Aluminum is a leading independent aluminum products manufacturing company, operating 11 production facilities in North America. The company produces rolled, extruded, drawn and forged aluminum products within three categories consisting of aerospace and high strength products, general engineering products and custom automotive and industrial products. Kaiser Aluminum press releases may contain statements that constitute �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that such forward-looking statements are not guarantees of future performance or events and involve significant risks and uncertainties, and that actual results or events may vary from those in the forward-looking statements as a result of various factors. Factors potentially affecting the events contemplated by the forward-looking statements contained in this press release include: (a)�general economic and business conditions, (b)�changing stock prices and equity market conditions, and (c)�factors that could adversely affect the company�s business prospects, financial condition, results of operations and cash flows, which are summarized in the company�s registration statement on Form�S-1 and other reports filed by the company with the Securities and Exchange Commission. Accordingly, no assurance can be given that the proposed secondary public offering will be completed or, if completed, as to the timing or terms thereof, or as to the impact of the proposed offering on the market for the company�s common stock. Kaiser Aluminum Corporation (NASDAQ: KALU) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed secondary public offering of 2,517,955 shares of common stock to be sold by a voluntary employees' beneficiary association trust that provides benefits to eligible retirees represented by certain unions. The selling stockholder intends to grant a 30-day over-allotment option to the underwriters covering an additional 377,693 shares. The company will not be receiving any proceeds of the offering. UBS Investment Bank and Bear, Stearns & Co. Inc. are acting as joint book-running managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the prospectus for the offering may be obtained, when available, from UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171 or from Bear, Stearns & Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, NY 10179. You may obtain a copy of the registration statement by visiting EDGAR on the Securities and Exchange Commission's web site at www.sec.gov. Kaiser Aluminum is a leading independent aluminum products manufacturing company, operating 11 production facilities in North America. The company produces rolled, extruded, drawn and forged aluminum products within three categories consisting of aerospace and high strength products, general engineering products and custom automotive and industrial products. Kaiser Aluminum press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that such forward-looking statements are not guarantees of future performance or events and involve significant risks and uncertainties, and that actual results or events may vary from those in the forward-looking statements as a result of various factors. Factors potentially affecting the events contemplated by the forward-looking statements contained in this press release include: (a) general economic and business conditions, (b) changing stock prices and equity market conditions, and (c) factors that could adversely affect the company's business prospects, financial condition, results of operations and cash flows, which are summarized in the company's registration statement on Form S-1 and other reports filed by the company with the Securities and Exchange Commission. Accordingly, no assurance can be given that the proposed secondary public offering will be completed or, if completed, as to the timing or terms thereof, or as to the impact of the proposed offering on the market for the company's common stock.