Foundry Daily News

TK Aluminum Ltd.

Announces That Advisors

<font face="arial, geneva, helvetica" size="2">TK Aluminum Ltd., the indirect parent of Teksid Aluminum Luxembourg S.a.r.l., S.C.A. (the "Issuer"), today announced </font><font face="arial, geneva, helvetica" size="2">that following discussions with Houlihan Lokey Howard &amp; Zukin (Europe) Limited</font>

<font face="arial, geneva, helvetica" size="2">and Cadwalader, Wickersham &amp; Taft LLP, the financial and legal advisors (the "Advisors") to an ad hoc noteholders committee (the "Ad Hoc Committee") regarding terms for Noteholder consent to the sale of certain Teksid assets to Tenedora Nemak, S.A. de C.V., a subsidiary of ALFA, S.A. de C.V., and the distribution of proceeds from such sale, the Advisors confirmed they would recommend approval of those terms to the Ad Hoc Committee. The Ad Hoc Committee represents holders (the "Majority Noteholders") of over 50% of the outstanding Teksid Aluminum senior notes ("Senior Notes"), and accordingly the Company anticipates that its consent solicitation will be accepted by the Majority Noteholders. The Company also announced today the release of updated information relating to the proposed sources and uses of the proceeds from the Nemak transaction (the "Sources and Uses"), which are included in this press release.</font>

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