American Stock Exchange Will Trade Options on Novelis Inc. NEW YORK, Jan. 18 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it will launch trading in options on Wednesday, January 19, 2005, on the New York Stock Exchange-listed stock of Novelis Inc. (Symbol: NVL) Novelis Inc. will open with strike prices of 22.5 - 25 - 30. With position limits of 1.35 million shares, the options will trade on the March expiration cycle with initial expirations in February, March, June and September. The specialist will be AGS Specialists LLC. Novelis Inc. manufactures rolled aluminum products, which it markets to the automotive, beverage- and food-can manufacturing, construction, packaging and printing industries. Novelis also recycles aluminum. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(sm). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 144 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/ DATASOURCE: The American Stock Exchange CONTACT: Dan Charnas of the American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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