I am very grateful to have led such a successful organization through numerous transitions, and I am proud of what our employees have been able to accomplish during my tenure,” said Mr. Brooks. “I look forward to continuing to work actively with Noranda and Apollo in my new role.”

Rick Press, partner of Noranda’s principal shareholder, Apollo Management, stated, “We thank Bill for his tremendous efforts and accomplishments at the Company, and look forward to his continued involvement with Noranda as the new Chairman of the Board.”

In addition, Noranda is announcing the hiring of Layle K. (Kip) Smith, age 53, as President and CEO of Noranda. Mr. Smith is a thirty-year veteran of specialty and commodity industrial products companies. He started his career in 1977 with The Dow Chemical Company, enjoying nearly a twenty year career that included international and financial assignments, as well as general management of two of Dow’s key businesses. Mr. Smith left Dow to join the high-tech side of the power business and thereafter joined Resolution Performance Products, an Apollo portfolio company that is now part of Hexion Specialty Chemicals. Mr. Smith will also join the Noranda Board.

“I am happy to be joining Noranda and am excited about its prospects,” said Mr. Smith. “I believe that my experiences at Dow and RPP, combined with my other experiences leading Apollo portfolio companies make me an ideal candidate to lead the business towards further growth and achievements.”

In addition, on February 21, 2008, the Board of Directors appointed Robert Kasdin, Senior Executive Vice President of Columbia University, as a member of the Board.

About the Company

Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products as well as high quality rolled aluminum coils. We have two businesses, our primary metals business, or upstream business, which produces approximately 258,000 metric tons of primary aluminum annually, and our rolling mills, or downstream business, which is one of the largest foil producers in North America and a major producer of light gauge sheet products. Noranda Aluminum Holding Corporation is a private company owned by affiliates of Apollo Management, L.P. The information contained in this release is limited and the Company encourages interested parties to read the Company’s Quarterly Report and other additional information available at the Company’s website available at www.norandaaluminum.com.

Forward-Looking Statements

This press release includes forward-looking statements which involve risks and uncertainties. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or our expectations regarding future industry trends are forward-looking statements. You can identify Forward-Looking statements because they contain words such as “believes,” “expects,” “may,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates” or similar expressions that relate to our strategy, plans or intentions. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements are based upon information available to us on the date of this press release. Some of the factors that we believe could affect our results include: our substantial indebtedness, and the possibility that we may incur more indebtedness; restrictive covenants in our indebtedness that may adversely affect our operations; as a holding company, repayment of our debt is dependent on cash flow generated by our subsidiaries; the cyclical nature of the aluminum industry and fluctuating commodity prices, which cause variability in our earnings and cash flows; a downturn in general economic conditions, including changes in interest rates, as well as a downturn in the end-use markets for certain of our products; losses caused by disruptions in the supply of power; changes in the relative cost of certain raw materials and energy compared to the price of primary aluminum and aluminum rolled products; the effectiveness of our hedging strategies in reducing the variability of our cash flows; unexpected issues arising in connection with our joint ventures; the effects of competition in our business lines; the relative appeal of aluminum compared with alternative materials; our ability to retain customers, a substantial number of which do not have long-term contractual arrangements with us; our ability to fulfill our business’s substantial capital investment needs; the cost of compliance with and liabilities under environmental, safety, production and product regulations; natural disasters; labor relations (i.e., disruptions, strikes or work stoppages) and labor costs; unexpected issues arising in connection with our operations outside of the United States; our ability to retain key management personnel; our expectations with respect to our acquisition activity, or difficulties encountered in connection with acquisitions, dispositions or similar transactions; the ability of our insurance to cover fully our potential exposures; our lack of history as an independent company or financial statements that reflect operation as an independent company; unexpected costs incurred in separating our business from Xstrata; limitations on operating our business as a result of covenant restrictions under our indebtedness; and the ability of our customers to satisfy their financial commitments.

We caution you that the foregoing list of important factors may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. Accordingly, investors should not place undue reliance on those statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law