**EXHIBITNO. 21:  SUBSIDIARIES, RELATED COMPANIES,ETC.**

**With the exception of a number ofsubsidiaries which, considered in the aggregate, would not constitute asignificant Subsidiary, the Subsidiaries of Alcan, as of 1 March 2003, arelisted below.  All subsidiaries and jointventures named below are consolidated or proportionally consolidated to theextent owned in the financial statements incorporatedby reference in this report.  The listalso includes several Related Companies for which Alcan reports its interest inthe net income or loss of such companies. Alcan is the direct owner of thestock of each Subsidiary or Related Company, except where the name isindented.  Indentation signifies that theprincipal ownership by Alcan is through the company under which the indentationis made; where there is additional ownership through another company alsolisted below, that additional ownership is described in the end-note on page 6.**

| **ALCAN INC.**                                                                                                          |                                 |                                                  |
|-------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|
| **Subsidiaries, Related Companies, Etc.**                                                                               | **Organized Under the Laws of** | **% of Voting Shares Held by Immediate   Owner** |
|    3712001  CANADA INC.                                                                                       | Canada                          |  100.00                                     |
|    4033531  CANADA INC.                                                                                       | Canada                          |  100.00                                     |
|     9118-5074 QUÉBEC INC.                                                                              | Quebec                          |  100.00                                     |
|     9121-5988 QUÉBEC INC.                                                                              | Quebec                          |  100.00                                     |
|       ALCAN  ALUMINIUM QUEBEC AND COMPANY, LIMITED PARTNERSHIP                                 | Quebec                          |  99.00 (2)                                  |
|     9121-5996 QUÉBEC INC.                                                                              | Quebec                          |  100.00                                     |
|     ALCAN-SPROSTONS LIMITED                                                                                   | Jamaica                         |  100.00                                     |
|    ALCAN  ADMINCO (2000) INC.                                                                                 | Canada                          |  100.00                                     |
|    ALCAN  ALLUMINIO S.p.A.                                                                                    | Italy                           |  100.00                                     |
|    ALCAN ALUMINIO (AMÉRICA LATINA) INC.                                                                | Canada                          |  100.00                                     |
|    ALCAN  ALUMINIUM BETEILIGUNGSGESELLSCHAFT mbH                                                              | Germany                         |  100.00                                     |
|    ALCAN  ALUMINUM CORPORATION                                                                                | Ohio                            |  100.00                                     |
|       ALCAN  ALUMINUM EXPORT, INC.                                                             | Georgia                         |  100.00                                     |
|       ALCAN  CONNECTICUT, INC.                                                                 | Connecticut                     |  100.00                                     |
|       ALCAN DE MEXICO, S.A. DE C.V.                                                            | Mexico                          |  100.00                                     |
|       ALCAN MANAGEMENT SERVICES USA INC.                                                       | Ohio                            |  100.00                                     |
|       ALCAN  POWER MARKETING, INC.                                                             | Ohio                            |  100.00                                     |
|       LOGAN  ALUMINUM INC.                                                                     | Delaware                        |  40.00                                      |
|    ALCAN  ASIA PACIFIC LIMITED                                                                                | Canada                          |  100.00                                     |
|    ALCAN  EMPREENDIMENTOS LTDA.                                                                               | Brazil                          |  100.00                                     |
|       ALCAN  ALUMÍNIO DO BRASIL LTDA.                                                   | Brazil                          |  100.00                                     |
|          ALCAN COMPOSITES BRASIL S.A.                                           | Brazil                          |  70.00                                      |
|           ALCAN PACKAGING DO BRASIL LTDA.                                       | Brazil                          |  83.00 (9)                                  |
|           MINERAÇÃO RIO DO NORTE S.A.                             | Brazil                          |  12.50                                      |
|          PETROCOQUE S.A. - INDÚSTRIA E  COMÉRCIO                  | Brazil                          |  25.00                                      |
|        CONSÓRCIO CANDONGA - (Unincorporated)                                            | Brazil                          |  50.00                                      |
|    ALCAN  EUROPE LIMITED                                                                                      | England                         |  100.00                                     |
|    ALCAN  FINANCES B.V.                                                                                       | The Netherlands                 |  100.00                                     |
|    ALCAN  FINANCES (Bda) LTD.                                                                                 | Bermuda                         |  100.00                                     |
|       ALCAN  ASIA LIMITED                                                                      | Hong Kong                       |  100.00                                     |
|       ALCAN  NIKKEI ASIA HOLDINGS LTD.                                                         | Bermuda                         |  60.00                                      |
|           ALCAN NIKKEI SIAM LIMITED                                             | Thailand                        |  100.00                                     |
|           ALCOM NIKKEI SPECIALTY COATINGS SDN. BHD.                             | Malaysia                        |  49.00 (10)                                 |
|           ALUMINIUM COMPANY OF MALAYSIA BERHAD                                  | Malaysia                        |  49.15 (12)                                 |
|              AL DOTCOM SDN. BHD.                                 | Malaysia                        |  100.00                                     |
|             ALCOM ALUMINIUM SERVICES SDN.BHD.                    | Malaysia                        |  100.00                                     |
|                 JEN WU MACHINERY SDN. BHD.        | Malaysia                        |  100.00                                     |
|              ALCOM EXTRUSION SDN.BHD.                            | Malaysia                        |  100.00                                     |
|           NIPPON LIGHT METAL COMPANY, LTD.                                      | Japan                           |  3.61                                       |
|           NONFEMET INTERNATIONAL (China-Canada-Japan) ALUMINIUM COMPANY LIMITED | China                           |  45.00                                      |
|       ALCAN  NIKKEI CHINA LIMITED                                                              | Hong Kong                       |  49.00                                      |

1

----

 

| **ALCAN INC.**                                                                                                                 |                                 |                                                  |
|--------------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|
| **Subsidiaries, Related Companies, Etc.**                                                                                      | **Organized Under the Laws of** | **% of Voting Shares Held by Immediate   Owner** |
|       ALCAN  (BERMUDA) LIMITED                                                                        | Bermuda                         |  100.00                                     |
|           ALCAN SHIPPING (BERMUDA) LIMITED                                             | Bermuda                         |  100.00                                     |
|        CHAMPLAIN INSURANCE COMPANY LTD.                                                               | Bermuda                         |  100.00                                     |
|       HALCO  (MINING) INC.                                                                            | Delaware                        |  33.00                                      |
|          COMPAGNIE DES BAUXITES DE GUINÉE                                       | Delaware                        |  51.00                                      |
|        QUADREM INTERNATIONAL HOLDINGS,   LTD.                                                    | Bermuda                         |  9.00                                       |
|        WHEATON PUERTO RICO INC.                                                                       | New Jersey                      |  100.00                                     |
|    ALCAN  FINANCES (IRELAND) LIMITED                                                                                 | Canada                          |  100.00                                     |
|        3088405 CANADA INC.                                                                            | Canada                          |  100.00                                     |
|           ALCAN FINANCES (IRELAND) COMPANY                                             | Ireland                         |  100.00                                     |
|           ALCAN SOUTH PACIFIC PTY LTD                                                  | Australia                       |  100.00                                     |
|              ALCAN GOVE DEVELOPMENT PTY LIMITED                         | Australia                       |  100.00                                     |
|              ALCAN NORTHERN TERRITORY ALUMINA PTY LIMITED               | Australia                       |  100.00                                     |
|                 GOVE ALUMINIUM LIMITED                   | Australia                       |  100.00                                     |
|                    ALCAN GOVE PTY LIMITED | Australia                       |  50.00 (5)                                  |
|              ALCAN QUEENSLAND SMELTER PTY LTD                           | Australia                       |  100.00                                     |
|              NABALCO PTY LIMITED                                        | Australia                       |  100.00                                     |
|              QUEENSLAND ALUMINA LIMITED                                 | Australia                       |  21.39                                      |
|              QUEENSLAND ALUMINA SECURITY CORPORATION                    | Delaware                        |  20.00                                      |
|       ALCAN  ALUMINIUM AG                                                                             | Switzerland                     |  100.00                                     |
|           ALCAN RORSCHACH AG                                                           | Switzerland                     |  100.00                                     |
|    ALCAN  FINANCES (U.K.)                                                                                            | England                         |  100.00                                     |
|    ALCAN  HOLDINGS IRELAND CO.                                                                                       | Ireland                         |  100.00                                     |
|       ALCAN  DEUTSCHLAND HOLDINGS GmbH & Co. KG                                                   | Germany                         |  99.99                                      |
|           ALCAN DEUTSCHLAND GmbH                                                       | Germany                         |  90.00 (4)                                  |
|              ALUMINIUM NORF GmbH                                        | Germany                         |  50.00                                      |
|              DEUTSCHE ALUMINIUM VERPACKUNG RECYCLING GmbH               | Germany                         |  16.70 (15)                                 |
|              FRANCE ALUMINIUM RECYCLAGE SA                              | France                          |  20.00 (16)                                 |
|    ALCAN  HOLDINGS SWITZERLAND AG (SA/LTD.)                                                                          | Switzerland                     |  100.00                                     |
|       AL  HOLDING  USA LLC                                                                       | Delaware                        |  100.00                                     |
|           ALA (NEVADA) INC.                                                            | Nevada                          |  62.50 (1)                                  |
|           ALCAN COMPOSITES USA INC.                                                    | Missouri                        |  100.00                                     |
|           ALUSUISSE ALUMINUM USA INC.                                                  | Delaware                        |  100.00                                     |
|           LAWSON MARDON THERMAPLATE CORPORATION                                        | New Jersey                      |  100.00                                     |
|           LAWSON MARDON USA INC.                                                       | Delaware                        |  100.00                                     |
|           PHARMA CENTER SHELBYVILLE INC.                                               | Delaware                        |  100.00                                     |
|           WHEATON USA INC.                                                             | New Jersey                      |  100.00                                     |
|              HBE FERMENTATION SYSTEMS INC.                              | California                      |  10.00                                      |
|              INTERNATIONAL GLASS EQUIPMENT LTD.                         | Bahamas                         |  100.00                                     |
|             POLAR MATERIALS INC.                                        | Pennsylvania                    |  86.21                                      |
|                 PC MATERIALS INC.                        | Pennsylvania                    |  50.00                                      |
|                 POLYPLASMA INC.                          | Canada                          |  100.00                                     |
|              WHEATON PACIFIC LIMITED                                    | Hong Kong                       |  99.80                                      |
|       ALCAN  AIREX AG                                                                                 | Switzerland                     |  100.00                                     |
|       ALCAN  ALESA ENGINEERING AG                                                                     | Switzerland                     |  100.00                                     |
|           ALCAN ALESA TECHNOLOGIES LTD.                                                | Canada                          |  100.00                                     |
|       ALCAN  ALLEGA AG                                                                                | Switzerland                     |  100.00                                     |
|       ALCAN  ALUCOBOND (FAR EAST) PTE LTD.                                                            | Singapore                       |  100.00                                     |
|       ALCAN  ALUMINIO ESPAÑA, S.A.                                                             | Spain                           |  100.00                                     |
|          ALUSUISSE PORTUGAL LDA.                                                       | Portugal                        |  98.00                                      |
|       ALCAN  ALUMINIUM VALAIS SA                                                                      | Switzerland                     |  100.00                                     |
|       ALCAN  AUSTRIA GmbH                                                                             | Austria                         |  100.00                                     |
|           ALCAN ALPE ADRIA D.O.O.                                                      | Slovenia                        |  100.00                                     |

 

2

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| **ALCAN INC.**                                                                                                                                                            |                                 |                                                  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|
| **Subsidiaries, Related Companies, Etc.**                                                                                                                                 | **Organized Under the Laws of** | **% of Voting Shares Held by Immediate   Owner** |
|           ALCAN HUNGARIA Kft.                                                                                                     | Hungary                         |  100.00                                     |
|       ALCAN  CAPITAL JERSEY LIMITED                                                                                                              | The Island of Jersey            |  100.00                                     |
|           ALCAN FINANCE JERSEY LIMITED                                                                                            | The Island of Jersey            |  100.00                                     |
|       ALCAN  CAPITAL MARKET LTD.                                                                                                                 | Switzerland                     |  100.00                                     |
|       ALCAN DÉCIN EXTRUSIONS s.r.o.                                                                                                       | Czech Republic                  |  100.00                                     |
|       ALCAN  HOLDINGS EUROPE B.V.                                                                                                                | The Netherlands                 |  72.73 (6)                                  |
|           A-L FINANCIAL PRODUCTS LTD.                                                                                             | England                         |  100.00                                     |
|           ALCAN DISTRIBUZIONE srl                                                                                                 | Italy                           |  100.00                                     |
|           ALCAN HOLDINGS FRANCE S.A.                                                                                              | France                          |  99.99                                      |
|              ALCAN CMIC SAS                                                                                        | France                          |  100.00                                     |
|              ALCAN FRANCE EXTRUSIONS SAS                                                                           | France                          |  100.00                                     |
|              ALCAN LAMINÉS FRANCE                                                                           | France                          |  70.00 (8)                                  |
|              ALCAN PACKAGING FRANCE SAS                                                                            | France                          |  100.00                                     |
|              BOXAL (FRANCE) SAS                                                                                    | France                          |  100.00                                     |
|              CHARMETTES SAS                                                                                        | France                          |  100.00                                     |
|                 CIVILE IMMOBILIÈRE CELI                                                      | France                          |  99.50 (14)                                 |
|              COPAL SNC                                                                                             | France                          |  49.00                                      |
|                TECHPION RECHERCHE G.I.E.                                                            | France                          |  100.00                                     |
|              LAWSON MARDON MORIN SAS                                                                               | France                          |  100.00                                     |
|              LAWSON MARDON TRENTESAUX SA                                                                           | France                          |  99.99                                      |
|              WHEATON FRANCE SAS                                                                                    | France                          |  100.00                                     |
|           ALCAN HOLDINGS GERMANY GmbH                                                                                             | Germany                         |  99.24 (7)                                  |
|              ALCAN BDW BETEILIGUNGS GmbH                                                                           | Germany                         |  100.00                                     |
|              ALCAN BDW GmbH & CO. KG                                                                           | Germany                         |  100.00                                     |
|              ALCAN COMPOSITES LTD, SHANGHAI                                                                        | China                           |  100.00                                     |
|             ALCAN KAPA GmbH                                                                                        | Germany                         |  100.00                                     |
|              ALCAN SINGEN GmbH                                                                                     | Germany                         |  100.00                                     |
|              ALCAN TOMOS d.o.o.                                                                                    | Slovenia                        |  66.67                                      |
|              LAWSON MARDON HANSE-DRUCK GmbH                                                                        | Germany                         |  100.00                                     |
|                 LAWSON MARDON SINGEN GmbH                                                           | Germany                         |  99.90 (20)                                 |
|          ALCAN HOLDINGS NEDERLAND B.V.                                                                                            | The Netherlands                 |  100.00                                     |
|              ALCAN NEDERLAND B.V.                                                                                  | The Netherlands                 |  100.00                                     |
|                 S.A. ALCAN BELGIUM N.V.                                                             | Belgium                         |  99.37 (21)                                 |
|              ALU-VASTGOED B.V.                                                                                     | The Netherlands                 |  100.00                                     |
|             ALUMINIUM & CHEMIE ROTTERDAM  B.V.                                                                 | The Netherlands                 |  65.82 (13)                                 |
|              BOXAL NETHERLANDS B.V.                                                                                | The Netherlands                 |  100.00                                     |
|                 BOXAL SALES GmbH                                                                    | Germany                         |  100.00                                     |
|              LAWSON MARDON AMSTERDAM B.V.                                                                          | The Netherlands                 |  100.00                                     |
|              LAWSON MARDON BRABANT B.V.                                                                            | The Netherlands                 |  100.00                                     |
|              LAWSON MARDON PICOPAC B.V.                                                                            | The Netherlands                 |  100.00                                     |
|           ALCAN HOLDINGS UK LIMITED                                                                                               | England                         |  100.00                                     |
|              ALCAN PACKAGING BRIDGNORTH LTD                                                                        | England                         |  100.00                                     |
|              ALCAN PRODUCTS UK LTD.                                                                                | England                         |  100.00                                     |
|              LAWSON MARDON PACKAGING LTD.                                                                          | England                         |  100.00                                     |
|                 ALCAN PACKAGING PENSION TRUST LTD.                                                  | England                         |  100.00                                     |
|                 FLEATHAM ESTATES LIMITED                                                            | England                         |  100.00                                     |
|                 FORMAN MARSHALL LIMITED                                                             | England                         |  100.00                                     |
|                HEADLEY (READING) LIMITED                                                            | England                         |  100.00                                     |
|                    CELLOGLAS HOLDINGS LTD.                                           | England                         |  100.00                                     |
|                      ALCAN PRINT FINISHERS  LTD.                      | England                         |  100.00                                     |
|                         FIVE STAR CORPORATION  LIMITED | England                         |  100.00                                     |
|                          PROTECTA PRINT  LIMITED       | England                         |  100.00                                     |
|                         QUALICOAT LIMITED              | England                         |  100.00                                     |

 

3

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| **ALCAN INC.**                                                                                                                                                                  |                                 |                                                  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|
| **Subsidiaries, Related Companies, Etc.**                                                                                                                                       | **Organized Under the Laws of** | **% of Voting Shares Held by Immediate   Owner** |
|                         UNIVERSAL COATINGS  LIMITED          | England                         |  100.00                                     |
|                         WEST MIDLANDS FOIL  BLOCKING LIMITED | England                         |  100.00                                     |
|                      LUSTRETEX LTD.                                         | England                         |  100.00                                     |
|                      THE UV COMPANY LIMITED                                 | England                         |  100.00                                     |
|                      UVIPAK (FINISHING)  LIMITED                            | England                         |  100.00                                     |
|                    HEADLEY TRUSTEES LIMITED                                                | England                         |  100.00                                     |
|                 LAWSON MARDON GROUP INTERNATIONAL LIMITED                                                 | England                         |  100.00                                     |
|                    LAWSON MARDON IZMIR GRAVUR BASKILI KARTON SANAYI VE TICARET A.S.        | Turkey                          |  100.00                                     |
|                    LAWSON MARDON KAZAKHSTAN LIMITED LIABILITY PARTNERSHIP                  | Kazakhstan                      |  100.00                                     |
|                   LAWSON MARDON SELEPRINT s.r.l.                                           | Italy                           |  75.00 (19)                                 |
|                 LAWSON MARDON LIMITED                                                                     | England                         |  100.00                                     |
|                 LAWSON MARDON PACKAGING UK LTD.                                                           | England                         |  100.00                                     |
|                    KOTERS (LIVERPOOL) LIMITED                                              | England                         |  100.00                                     |
|                    LAWSON MARDON FIBRENYLE LTD.                                            | England                         |  100.00                                     |
|                      FIBRENYLE (CORBY)  LIMITED                             | England                         |  100.00                                     |
|                    LAWSON MARDON FLEXIBLE LIMITED                                          | England                         |  100.00                                     |
|                      MARDON FLEXIBLE  PACKAGING (KENTON) LIMITED            | England                         |  100.00                                     |
|                    LAWSON MARDON SMITH BROTHERS LTD.                                       | England                         |  100.00                                     |
|                      LAWSON MARDON SUTTON  LTD.                             | England                         |  100.00                                     |
|                         MARDON PELOREX  LIMITED              | England                         |  100.00                                     |
|                    LMG IRIDON LIMITED                                                      | England                         |  100.00                                     |
|                      LAWSON MARDON  THERMOPLASTICS LTD.                     | England                         |  100.00                                     |
|                    WHEATON UK LTD.                                                         | England                         |  100.00                                     |
|                      LAWSON MARDON NORTHERN  LIMITED                        | England                         |  100.00                                     |
|                      LAWSON MARDON READING  LTD.                            | England                         |  100.00                                     |
|                      STALCON PLASTICS LIMITED                               | England                         |  100.00                                     |
|                 LAWSON MARDON SUNER SA                                                                    | Spain                           |  100.00                                     |
|                 LAWSON MARDON THYNE LTD.                                                                  | Scotland                        |  100.00                                     |
|                 LAWSON MARDON (WITHAM) LIMITED                                                            | England                         |  100.00                                     |
|                 LMG FINANCE LIMITED                                                                       | England                         |  100.00                                     |
|                 LMG LLOYDS LIMITED                                                                        | England                         |  100.00                                     |
|                 MARDON COMPOSITES LIMITED                                                                 | England                         |  100.00                                     |
|                 MARDON WRAPPINGS LIMITED                                                                  | England                         |  100.00                                     |
|                 PRONTOSEAL LIMITED                                                                        | Scotland                        |  100.00                                     |
|                WILLIAM THYNE (PLASTICS) LIMITED                                                           | Scotland                        |  100.00                                     |
|                 WILLIAM THYNE (SECURITIES) LIMITED                                                        | Scotland                        |  100.00                                     |
|              LAWSON MARDON PACKAGING SALES LTD.                                                                          | England                         |  100.00                                     |
|              PHARMAFLEX LTD.                                                                                             | England                         |  100.00                                     |
|           ALCAN JAPAN LTD.                                                                                                              | Japan                           |  100.00                                     |
|           ALCAN PRODOTTI SPECIALI spa                                                                                                   | Italy                           |  100.00                                     |
|           LMG (IRELAND) LIMITED                                                                                                         | Ireland                         |  100.00                                     |
|              LAWSON MARDON SUPERIOR LTD.                                                                                 | Ireland                         |  100.00                                     |
|              WCL FLEXIBLE PACKAGING LIMITED                                                                              | Ireland                         |  100.00                                     |
|           WAXED CARTONS (EXPORT) LIMITED                                                                                                | Ireland                         |  100.00                                     |
|           ZITELI LIMITED                                                                                                                | Ireland                         |  100.00                                     |
|       ALCAN  ICELAND LTD.                                                                                                                              | Iceland                         |  100.00                                     |
|           ENDURVINNSLAN LTD.                                                                                                            | ICELAND                         |  7.00                                       |
|       ALCAN  PACKAGING CANADA LIMITED                                                                                                                  | Ontario                         |  100.00                                     |
|           LAWSON MARDON PACKAGING OVERSEAS (BRISTOL) LIMITED                                                                            | England                         |  99.00 (18)                                 |
|       ALCAN  PACKAGING SERVICES LTD.                                                                                                                   | Switzerland                     |  100.00                                     |
|       ALCAN  TECHNOLOGY & MANAGEMENT LTD.                                                                                                          | Switzerland                     |  100.00                                     |
|       ALCAN  TRADING AG                                                                                                                                | Switzerland                     |  100.00                                     |
|        ALUFLUOR AB                                                                                                                                     | Sweden                          |  50.00                                      |

 

4

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| **ALCAN INC.**                                                                                                    |                                 |                                                  |
|-------------------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|
| **Subsidiaries, Related Companies, Etc.**                                                                         | **Organized Under the Laws of** | **% of Voting Shares Held by Immediate   Owner** |
|       ALUSUISSE-LONZA CSFR s.r.o.                                                        | Czech Republic                  |  100.00                                     |
|        ALUSUISSE OF AUSTRALIA LIMITED                                                    | Australia                       |  100.00                                     |
|           ALCAN ENGINEERING PTY LIMITED                                   | Australia                       |  100.00                                     |
|           SWISS ALUMINIUM AUSTRALIA LIMITED                               | Australia                       |  100.00                                     |
|              GOVE JOINT VENTURE (THE)                      | Australia                       |  70.00 (17)                                 |
|       BOXAL  (SUISSE) S.A.                                                               | Switzerland                     |  100.00                                     |
|        LAWSON MARDON NEHER AG                                                            | Switzerland                     |  100.00                                     |
|        METALLICA S.A.                                                                    | Switzerland                     |  35.00                                      |
|        METALLWERKE REFONDA AG                                                            | Switzerland                     |  100.00                                     |
|       SOCIÉTÉ MINIÈRE ET DE PARTICIPATIONS  GUINÉE-ALUSUISSE | Guinea                          |  50.00                                      |
|        SOR-NORGE ALUMINIUM AS                                                            | Norway                          |  50.00                                      |
|    ALCAN  INTERNATIONAL LIMITED                                                                         | Canada                          |  100.00                                     |
|    ALCAN  IRELAND LIMITED                                                                               | Ireland                         |  100.00                                     |
|    ALCAN  MANAGEMENT SERVICES CANADA LIMITED                                                            | Canada                          |  100.00                                     |
|    ALCAN  NIKKEI ASIA COMPANY LTD.                                                                      | Bermuda                         |  60.00                                      |
|    ALCAN  NIKKEI ASIA CORPORATION SDN. BHD                                                              | Malaysia                        |  60.00                                      |
|    ALCAN  PRIMARY METAL LIMITED                                                                         | Canada                          |  100.00                                     |
|    ALCAN REALTY  LIMITED                                                                                | Canada                          |  100.00                                     |
|    ALCAN  SHANNON COMPANY                                                                               | Ireland                         |  100.00                                     |
|    ALCAN  SHIPPING SERVICES LIMITED                                                                     | Canada                          |  100.00                                     |
|    ALCAN  SMELTERS AND CHEMICALS LIMITED                                                                | Canada                          |  100.00                                     |
|    ALCAN  TAIHAN ALUMINUM LIMITED                                                                       | Korea                           |  67.91                                      |
|     ALUMINERIE ALOUETTE INC.                                                                            | Quebec                          |  20.00 (11)                                 |
|    ALUMINUM  COMPANY OF CANADA LIMITED                                                                  | Canada                          |  100.00                                     |
|    BRITISH  ALCAN ALUMINIUM plc                                                                         | England                         |  100.00                                     |
|       ALCAN  AUTOMOTIVE STRUCTURES (UK) LIMITED                                          | England                         |  100.00                                     |
|       ALCAN  CHEMICALS EUROPE LIMITED                                                    | England                         |  100.00                                     |
|       ALCAN  CHEMICALS LIMITED                                                           | England                         |  100.00                                     |
|       ALCAN  COLWICK HOLDINGS LIMITED                                                    | England                         |  100.00                                     |
|       ALCAN  COLWICK LIMITED                                                             | England                         |  100.00                                     |
|       ALCAN  FARMS LIMITED                                                               | England                         |  100.00                                     |
|       ALCAN  SWINTON LIMITED                                                             | England                         |  100.00                                     |
|       BA  METALS LIMITED                                                                 | England                         |  100.00                                     |
|        PEARHOUSE LIMITED                                                                 | England                         |  100.00                                     |
|       TBAC  LIMITED                                                                      | England                         |  100.00                                     |
|           ALCAN ALUMINIUM UK LIMITED                                      | England                         |  85.00 (3)                                  |
|           BRITISH ALCAN OVERSEAS INVESTMENTS LIMITED                      | England                         |  100.00                                     |
|              SARATOGA RESOURCES N.V.                       | Netherland Antilles             |  20.00                                      |
|              VIGELAND METAL REFINERY A/S                   | Norway                          |  50.00                                      |
|           GHANA BAUXITE COMPANY LIMITED                                   | Ghana                           |  80.00                                      |
|           KINLOCHLEVEN ROAD TRANSPORT COMPANY LIMITED                     | Scotland                        |  25.00                                      |
|           VENESTA FOILS LIMITED                                           | England                         |  100.00                                     |
|           VIGELANDS BRUG A/S                                              | Norway                          |  100.00                                     |
|       THE  BOWLING BACK LAND COMPANY LIMITED                                             | England                         |  50.00                                      |
|    N.V.  ALCAN ALUMINIUM PRODUCTS BENELUX S.A.                                                          | Belgium                         |  100.00                                     |
|    SOCIÉTÉ DES ALUMINES ET BAUXITES DE  PROVENCE SARL                                     | France                          |  100.00                                     |
|    THE  ROBERVAL AND SAGUENAY RAILWAY COMPANY                                                           | Quebec                          |  100.00                                     |
|    UTKAL  ALUMINA INTERNATIONAL LIMITED                                                                 | India                           |  35.00                                      |
|                                                                                                                   |                                 |                                                  |

 

5

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**END-NOTE: ADDITIONAL OWNERSHIP [%] THROUGH THE FOLLOWING SUBSIDIARIES:**

(1) WHEATON USA INC. (37.50)(2) 9121-5996 QUÉBEC INC. (1.00)(3)BRITISH ALCAN ALUMINIUM plc  (15.00)(4)ALCAN INC.  (10.00)(5)SWISS ALUMINIUM AUSTRALIA LIMITED (50.00)(6)ALCAN HOLDINGS UK LIMITED  (27.27)(7)ALCAN HOLDINGS SWITZERLAND AG (SA/LTD.) (0.76)(8)ALCAN ALLUMINIO S.p.A.  (30.00)(9)ALCAN HOLDINGS SWITZERLAND AG (SA/LTD.) (17.00)(10)ALUMINIUM COMPANY OF MALAYSIA BERHAD (51.00)(11)ALCAN ALUMINIUM QUEBEC AND COMPANY, LIMITED PARTNERSHIP  (20.00)(12)ALCAN NIKKEI SIAM LIMITED  (10.00)(13)SOR-NORGE ALUMINIUM AS  (13.00)(14)ALCAN HOLDINGS FRANCE S.A.  (0.50)(15)ALCAN HOLDINGS GERMANY GmbH  (16.67)(16)ALCAN HOLDINGS FRANCE S.A.  (20.00)(17)GOVE ALUMINIUM LIMITED  (30.00)(18)LAWSON MARDON PACKAGING LTD.  (1.00)(19)LAWSON MARDON PACKAGING UK LTD.  (25.00)(20)ALCAN SINGEN GmbH  (0.10)(21)ALCAN HOLDINGS SWITZERLAND AG (SA/LTD.) (0.62)

 

 

 

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