Century Aluminum Company - Company Announcement (is)

- Century Aluminum Announces Exercise of Over-Allotment Option

MONTEREY, CA--(Marketwire - July 14, 2008) - Century Aluminum Company (NASDAQ:
CENX) today announced the underwriters of its public offering of 6,500,000
shares of common stock have exercised in full the over-allotment option granted
to them by the Company. As a result, the Company will sell an additional
975,000 shares of its common stock at the offering price of $62.25 per share. 

Including the exercise of the over-allotment option, the net proceeds from the
offering, after deducting underwriting discounts and commissions, are expected
to be approximately $442 million. 

As previously announced, the Company expects to use the net proceeds of the
offering to pay a portion of the deferred portion of the cash payment
associated with the termination of the financial sales contracts with Glencore. 

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated are
acting as underwriters for the offering. 

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. 

Century Aluminum Company owns primary aluminum capacity in the United States
and Iceland, as well as an ownership interest in alumina and bauxite assets in
the United States and Jamaica. Century's corporate offices are located in
Monterey, California. 

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. 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: 

Helga Gunnarsdottir, Director-Corporate Finance, Landsbanki Islands hf. 

Olafur Finsen, Senior Legal Advisor-Corporate Finance, Landsbanki Islands hf. 

We have filed a registration statement (including a prospectus) with the SEC
for the offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement and other documents
we have filed with the SEC for more complete information about us and this
offering. You may get these documents for free by visiting EDGAR on the SEC Web
site at www.sec.gov. Alternatively, we, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you
request it by calling Credit Suisse Securities (USA) LLC toll free at (800)
221-1037 or Morgan Stanley & Co. Incorporated toll free at (866) 718-1649 or by
sending a request via email to Morgan Stanley & Co. Incorporated at
prospectus@morganstanley.com. 


Contacts:
Mike Dildine (media)
831-642-9364

Shelly Lair (investors)
831-642-9357