Alumax Mill Products announces price increases.

NORCROSS, Ga.--(BUSINESS WIRE)--Dec. 8, 1994--Alumax Mill Products, Inc., Hinsdale, Illinois, has announced that prices for all common alloy aluminum sheet products are being increased from previous levels.

Alumax Mill Products indicated that common alloy sheet prices in the distributor and OEM (original equipment manufacturer) markets are being increased by approximately five percent. The increases will be implemented by eliminating the $0.06-per-pound deductor to distributors and by adding five percent to current OEM transaction prices.

Depot prices will continue to carry a premium over production prices of approximately five percent.

Prices for 3105 alloy to distributors are being increased $0.05 per pound above previous levels.

These increases were effective with orders as of December 2, 1994, and will be applied to shipments on and after February 27, 1995, regardless of order entry date.

Additionally, effective with orders as of December 5, 1994, and shipments on and after February 27, 1995, regardless of order entry date, prices for 3105 alloy OEM building product coil sheet are being increased to the following levels:

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    gauge   .0300" - and heavier      alloy  3105 - $1.20/lb.
    gauge   .0215" - .0299"           alloy  3105 - $1.21/lb.
    gauge   .016"  - .0214"           alloy  3105 - $1.22/lb.
    gauge   .014"  - .0159"           alloy  3105 - $1.23/lb.

    Alumax Mill Products cited market conditions, including rising
raw materials costs and strong demand, and the need to maintain
reasonable margins as reasons for the price increases.
    Alumax Mill Products is a wholly owned subsidiary of Norcross,
Georgia-based Alumax Inc. (NYSE:AMX;Toronto:AXI).

CONTACT: Alumax Inc., Norcross

              Thomas R. Hagley, 404/246-6642 (media)
                                404/246-6691 (fax)
                     or
              R. Daniel Loh, 404/246-6752 (investors)
                             404/246-6691 (fax)