Economic1
Impact by Country

Average number of employees excluding Pechiney (in thousands - unaudited)		Capital expenditures and business acquisitions, by country (in millions of US$)*
2003 Canada   11 United States   8 Brazil   3 France   2 United Kingdom   4 Germany   7 Switzerland   3 Other Europe   5 Australia   1 Asia and other Pacific   2 All other   1 Total   47		2003 2002 Canada   286   477 United States   928   94 Brazil   68   60 France   1,610   14 United Kingdom   134   70 Germany   178   70 Switzerland   30   43 Other Europe   650   70 Australia   414   40 Asia and other Pacific   181   33 All other   178   2 Total   4,657   973
		*  The allocation of the purchase price for Pechiney by geographic area is tentative. The final valuation will be completed in 2004 and accordingly, the fair values could be modified for property, plant and equipment, intangible assets and goodwill.

Payroll/Benefits (excluding Pechiney) Year ended December 31, 2003 (in millions of US$)

2003 Canada   748 United States   555 Brazil   49 United Kingdom   281 Germany   458 Switzerland   288 Other Europe   352 Australia   76 Asia and Other Pacific   64 All Other   10 Total   2 882

1

On January 1, 2004, the Company adopted U.S. GAAP as its primary reporting standard for presentation of its consolidated financial statements and restated historical consolidated financial data, as described and presented in the Form 8-K filed with the U.S. Securities and Exchange Commission on June 14, 2004.