Alumax Announces Monthly Transaction Price for Unalloyed Primary Aluminum

Business Wire, August 4, 1997

ATLANTA--(BUSINESS WIRE)--Aug. 4, 1997--Alumax Primary Alumi(NYSE AMX, TSE AXI ) Alumax Primary Aluminum Corporation today announced its monthly transaction price for unalloyed aluminum (P1020 tee) for the month of August 1997.

The company said that the monthly transaction price for its basic product will be $0.84 per pound, an increase of $0.04 per pound from the previous month.

Alumax Primary Aluminum Corporation is a wholly owned subsidiary of Alumax Inc. (NYSE - AMX; Toronto - AXI).

Alumax Inc. is a world leader in aluminum with assets of $3.3 billion and 1996 revenues of more than $3.1 billion.

The company produces and markets primary aluminum ingot, billet and slab and is a major fabricator of value-added aluminum products for the transportation, distributor, building and construction, packaging and consumer durables markets.

CONTACT: Alumax

Thomas R. Hagley, 404/846-4642

FAX: 404/846-4691

or

Alumax

R. Daniel Loh, 404/846-4752

FAX: 404/846-4691