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Presentations: Cautionary Statement

Please read this statement before viewing the presentations.

Certain statements contained in the following presentation and on our website contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "expects," "anticipates," "plans," "believes," "projects," "estimates," "intends," "should," "could," "would," "will," and "potential" or similar words. Forward-looking statements are subject to risks, uncertainties and assumptions including, among other things, those discussed in Century’s periodic filings with the Securities and Exchange Commission. Century cannot guarantee that these uncertainties and assumptions will be accurate or realized and Century disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, actual events, future events or otherwise. The following are some of the factors that could cause Century’s actual results to differ materially from those projected in any forward-looking statements:

  1. Declines in aluminum prices have adversely affected our financial position and results of operations and further declines or an increase in our operating costs could result in further curtailment of operations at one or more of our facilities if alternate sources of liquidity are not available;

  2. As part of our operational restructuring, we have curtailed and may continue to curtail operations at one or more of our facilities, which actions have required us to incur and will require us to further incur substantial costs and subject us to substantial risks;

  3. Our ability to access the credit and capital markets on acceptable terms to obtain funding for our operations and capital projects may be limited due to our credit ratings, our financial condition or the deterioration of these markets;

  4. The turmoil in the financial markets and/or our curtailment actions could have significant and adverse effects on our pension funding obligations;

  5. The cyclical nature of the aluminum industry causes variability in our earnings and cash flows;

  6. International operations expose us to political, regulatory, currency and other related risks;

  7. If economic and political conditions in Iceland deteriorate, our financial position and results of operations could be adversely impacted;

  8. A significant amount of our operations are located in Iceland and subject to Icelandic laws, including Icelandic tax and environmental laws;

  9. Any reduction in the duty on primary aluminum imports into the European Union decreases our revenues at Grundartangi;

  10. Our planned construction and development activities require substantial capital and financing. We may be unable to obtain needed capital or financing on satisfactory terms or at all, which could delay or curtail our planned construction and development activities;

  11. Construction at our Helguvik smelter site is under review. Substantial delay in the completion of this project may increase its cost and impose other risks to completion that are not foreseeable today;

  12. Changes in the relative cost and availability of certain raw materials and energy compared to the price of primary aluminum could affect our operating results;

  13. Certain of our contracts for raw materials, including certain contracts for alumina and electricity, require us to take-or-pay for fixed quantities of such materials, even if we curtail unprofitable production capacity;

  14. A majority of our aluminum sales at Hawesville are subject to contracts which limit our ability to curtail capacity and create dependence on a major customer;

  15. Further consolidation within the metals industry could provide competitive advantages to our competitors;

  16. Unexpected events, including natural disasters, may increase our cost of doing business or disrupt our operations;

  17. Union disputes could raise our production costs or impair our production operations;

  18. We are subject to a variety of environmental laws and regulations that could result in costs or liabilities;

  19. We may be required to write down the book value of certain assets;

  20. We require significant cash flow to meet our debt service requirements, which increases our vulnerability to adverse economic and industry conditions, reduces cash available for other purposes and limits our operational flexibility;

  21. We depend upon intercompany transfers from our subsidiaries to meet our debt service obligations;

  22. Restrictive covenants in our revolving credit facility and the indenture governing our 7.5% Notes limit, and the indenture that will govern the Exchange Notes (as defined herein) will limit, our ability to incur additional debt, restructure certain of our operations and pursue our growth strategy;

  23. Provisions in our charter documents, other agreements that we have entered into and state law may make it difficult for others to obtain control of our company, even though some stockholders may consider it to be beneficial; and

  24. Other risk factors summarized in Century’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

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