RNS Number:5731Q
Alcan Inc
28 January 2002


Letter to Company Announcements Office

Listing under Alcan's Dividend Reinvestment Plan and Share Purchase Plan

In accordance with the undertaking given on the grant of listing for 4,100,612
Common shares of no par value on June 14th 1989, Stock Exchange Reference:
89/1544, I am writing to inform you that the position as at December 31, 2001 
was as follows:

42,655.470 shares were allotted during the quarter ending December 31, 2001, 
and 67,807.243 of these shares remain reserved for issue.

If, at any time, shares are to become eligible for listing and will not rank
pari passu with existing listed shares, application will be made through de
Zoete & Bevan Limited for an additional line in the Official List for those
shares. If the number of shares available under the Dividend Reinvestment Plan
and Share Purchase Plan alters by reason of issue by way of capitalization of
reserves etc., I will apply for the further amount then available for issue.

Letter from Diane Hryshko
Coordinator, Shareholder Services



                                              ALCAN INC.
                           Shares Reserved for Issue as of 31 December 2001

  AMOUNT       DATE                   LATEST      LATEST RETURN             MONTHLY
  LISTED      LISTED     REF NO.      RETURN         BALANCE              TRANSACTIONS             BALANCE O/S

EXECUTIVE SHARE OPTION PLAN

1,581,505    89.06.14    89/1544    2001.09.30   15,715,594.000     2001.10.31:    9,075.000     15,706,519.000
                                                                    2001.11.30:    1,100.000     15,705,419.000
                                                                    2001.12.31:    4,575.000     15,700,844.000
                                                                    4Q Total      14,750.000

DIVIDEND REINVESTMENT PLAN AND SHARE PURCHASE PLAN

4,100,612    89.06.14    89/1544    2001.09.30      110,462.713     2001.10.31:    1,920.551        108,542.162
                                                                    2001.11.30:   19,765.685         88,776.477
                                                                    2001.12.31:   20,969.234         67,807.243
                                                                    4Q Total      42,655.470


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