2012-06-11 15:17:00 CEST

2012-06-11 15:18:02 CEST


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English Islandic
Century Aluminum Company - Company Announcement

Century Aluminum Acquires European Anode Facility


Century Aluminum Company (NASDAQ: CENX) announced today that its wholly owned
subsidiary, Century Anodes B.V., has entered into a definitive agreement to
purchase substantially all of the assets of the anode production facility of
the former Zeeland Aluminum Company (Zalco) for EUR 10 million in cash. Century
Anodes will not assume any historical liabilities in the transaction. 

Located in Vlissingen, The Netherlands, the former Zalco facility, which is
currently curtailed, will provide an additional secure source of captive anode
production for Century's Grundartangi, Iceland smelter. The approximately
150,000 tonne anode facility also could supply anodes to Century's smelter
project in Helguvik, Iceland upon the project's completion. The acquisition is
a continuation of Century's efforts to opportunistically secure access to
strategic assets and cut costs within a challenging global economy. "We are very familiar with the Zalco anode plant and its high quality and cost
competitive products. This transaction provides outstanding benefits to Century
by securing a key production element within close proximity to our Icelandic
operations," commented Michael A. Bless, Century's President and Chief
Executive Officer. "The acquisition of this facility, along with our 40 percent
stake in Baise Haohai Carbon Co., Ltd., will allow us ultimately to supply all
of our Icelandic anode requirements with captive production."

In anticipation of a restart of anode production in the third quarter of 2013,
Century intends to undertake an approximately $45 million investment program,
including capital expenditures, restart expenses and working capital, to
modernize the anode facility and optimize production for its existing
Grundartangi smelter and the planned Helguvik smelter. 

Century Aluminum Company owns primary aluminum capacity in the United States
and Iceland. Century's corporate offices are located in Monterey, Calif. More
information can be found at www.centuryaluminum.com. 

Cautionary Statement
This press release may contain "forward-looking statements" within the meaning
of U.S. federal securities laws. The company has based its forward-looking
statements on current expectations and projections about the future; however,
these statements are subject to risks, uncertainties and assumptions, any of
which could cause the company's actual results to differ materially from those
expressed in its forward-looking statements. Forward-looking statements in this
press release include, without limitation, statements regarding the ultimate
completion of the acquisition of the Zalco anode facility, the anode facility's
ultimate production capacity, Century's ability to supply its Icelandic
operations with captive anode production as well as statements regarding the
completion of the Helguvik project. More information about these risks,
uncertainties and assumptions can be found in the risk factors and
forward-looking statements cautionary language contained in the company's
Annual Report on Form 10-K and in other filings made with the Securities and
Exchange Commission. The company does not undertake, and specifically
disclaims, any obligation to revise any forward-looking statements to reflect
the occurrence of anticipated or unanticipated events or circumstances after
the date such forward-looking statements are made. 

Certified Advisors for the First North market of the OMX Nordic Exchange
Iceland hf. for Global Depositary Receipts in Iceland: 
Atli B. Gudmundsson, Senior Manager -- Corporate Finance, NBI hf.
Steingrimur Helgason, Director -- Corporate Finance, NBI hf.


Contacts:

Lindsey Berryhill
(media)
831-642-9364

Shelly Harrison
(investors)
831-642-9357