Consensus Forecasts for Pechiney's Results.

Business Editors

PARIS--(BUSINESS WIRE)--April 10, 2003

Pechiney (PY)(PECH.PA)(PCHO)(SICOVAM:13290)

A survey by Pechiney of 13 analysts following the stock has resulted in the following consensus forecasts for the company's Q1-03 results and for the group's full year 2003 results. The Q1-03 results will be published on April 29, 2003 at 7:30AM (Paris time).

    EURm           Q1 - 03         Q1-02        FY - 03        FY - 02
--------------------------------- ------ --------------------- -------

             Low   Average  High   Hist.  Low   Average  High   Hist.
------------------ ------- ------ ------ ------ ------- ------ -------

 Earnings
    from
 Operations   33     63      90    104    120     288    444     407
------------------ ------- ------ ------ ------ ------- ------ -------

Reported Net
   Income    -38     10      26     37    -141    65     169     -50
------------------ ------- ------ ------ ------ ------- ------ -------

Adjusted Net
  Income(1)   2      24      53     49     10     120    208     211
------------------ ------- ------ ------ ------ ------- ------ -------
Adjusted Net
  Income(1)
 Per share   0.03    0.31   0.68   0.62   0.13   1.54    2.67   2.69
================== ======= ====== ====== ====== ======= ====== =======

(1) Adjusted Net Income is defined as Reported Net Income

excluding the impact, after taxes, of Restructuring expense,

Other (expense) income and other non-recurring items.

The above consensus is shown in French GAAP. Please also note that, in US GAAP, goodwill is no longer amortized from January 1. 2002.

Firms contributing to the consensus were ABN Amro, Aurel Leven, BB&T, BNP-Paribas, CAI Cheuvreux, CDC IXIS Securities, Dexia Securities, Goldman Sachs, ING Financial Markets, JP Morgan, Merrill Lynch, Morgan Stanley and UBS Warburg.

Pechiney is an international group listed on the Paris and New York stock exchanges. Its three core businesses are primary aluminium, aluminium conversion and packaging. Pechiney achieved sales of EUR11.9 billion in 2002. It employs 34,000 employees.

The opinions and projections contained in this press release are entirely those of independent analysts and have not been prepared or reviewed by Pechiney. Pechiney makes no representation concerning the quality, content or reliability of these opinions and projections, which are provided as a convenience only. Neither Pechiney nor any of its directors, officers or employees shall be in any way responsible for the contents of this press release, nor shall any of them be liable for any loss arising from the use of these opinions and projections or otherwise arising in connection therewith.

Actual results may differ materially from those set forth in any forward-looking statements in this press release (as defined in section 27A of the U.S. Securities Act of 1933, as amended). These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Pechiney's actual results, performance or achievements to be materially different from the independent opinions and projections contained in this press release.