Alumax Materials Management Announces Appointments.

NORCROSS, Ga.--(BUSINESS WIRE)--April 11, 1996--Eugene Greenberg, vice president of Alumax Materials Management, Inc., a subsidiary of Alumax Inc. (NYSE:AMX; Toronto: AXI), today announced the following personnel appointments:

Mark Russell, currently an attorney in the Law Department of Alumax Inc., will join Alumax Materials Management as director of risk analysis. He will be involved in the use of the futures market for supporting purchasing and sales activities.

Robert McHale, currently vice president of procurement with Cressona Aluminum Company, another Alumax subsidiary, will become director of metal purchases east, for Alumax plants in the Eastern United States.

Richard Markiewicz, currently with AIOC Corporation, will become director of metal purchases west, for Alumax plants in the Western United States.

Metal buyers in Alumax semi-fabricated business units will report to Messrs. McHale and Markiewicz.

Alumax Materials Management, Inc. is responsible for metal hedging activities and for coordinating long-term customer contracts for Alumax's semi-fabricated products operating group. The subsidiary is also responsible for determining long-term primary and scrap aluminum purchase requirements for the group.

Alumax Inc. is a world leader in aluminum with year-end 1995 assets of more than $3.1 billion and 1995 revenues of more than $2.9 billion.

The company produces and markets primary aluminum ingot, billet and slab and is a major fabricator of value-added aluminum products for the building and construction, transportation, packaging and consumer durables industries.

Alumax employs 15,500 people in more than 100 plants and facilities in the United States, Canada and Western Europe.

CONTACT: Alumax Inc.

Tom Hagley (Media), 770/246-6642

Fax: [phone]

R. Daniel Loh (Investors), 770/246-6752

Fax: [phone]