Kaiser Aluminum Announces Management Change in Global Commodities Business.

Business Editors

HOUSTON--(BUSINESS WIRE)--Jan. 16, 2003

Kaiser Aluminum said Harvey L. Perry, Executive Vice President and President of the Global Commodities Business Unit (GCBU), has informed the company of his intention to leave at the end of January to pursue other career alternatives.

Kaiser President and Chief Executive Officer Jack A. Hockema, in addition to his current responsibilities, will assume the role vacated by Perry. Until his departure, Perry will assist Hockema to ensure a smooth transition.

Joseph A. Bonn, Executive Vice President of Corporate Development, will assume the additional responsibility, within the GCBU, for the Primary Aluminum Business Unit, which includes the company's aluminum smelter operations.

"The GCBU has many exciting challenges in 2003," said Hockema, "and we expect significant improvement in performance, building on the momentum that was established in 2002. I look forward to the opportunity to work more closely with our team in the quest to achieve the full potential of the business.

"We are grateful for Harv's contributions to the company and wish him all the best," said Hockema.

Kaiser Aluminum Corporation (OTCBB:KLUCQ) is a leading producer of alumina, primary aluminum and fabricated aluminum products.

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