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Re: Termination of Employment
  Summary of Transition  David Godsell  Attachment I (February 23, 2007).
 Attachment I
 Attachment I.
 Specifics identified within the Summary of Transition  Attachment I
 a)
    
    Novelis Founders Performance Shares: The Performance Share Units were cancelled in
exchange for a cash payment following the completion of the acquisition of Novelis Inc. by AV
Metals Inc., a subsidiary of Hindalco Industries Limited [the Transaction].b)
    
    Conversion Options: All of your Novelis Conversion options were transferred to Novelis
for a cash payment following the completion of the Transaction.




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c)
    
    Long Term Incentive (2006): All your stock options granted on October 26, 2006 under the Novelis Inc. 2006
Incentive Plan were transferred to Novelis for a cash payment following the completion of the
Transaction.d)
    
    Short Term Incentive Award (STI)(2006):Your STI award for the 2006 fiscal year of $
85,000 was paid in April 2007.e)
    
    Short Term Incentive Award (STI)(2007): Your STI award for the 2007 period of January
1, 2007 to May 15, 2007 was paid at your target bonus level following the completion of the
Transaction.f)
    
    Change In Control: You were afforded treatment under your Novelis Change In Control
Agreement of September 24, 2006  Attachment II subject to employment termination within 6 months
prior or 2 years after a Change In Control. With the May 15, 2007 completion of the Transaction you
were deemed to be eligible for Change In Control payout.g)
    
    Automobile: The opportunity to purchase the company vehicle was cited.
 Agreement Concerning Retirement and Separation and Release Agreement
 Agreement Concerning
Retirement (Attachment III) Separation andRelease Agreement (Attachment IV)
 Agreement Concerning Retirement Attachment I
  (a)
    
    A lump sum payment in an amount equal to 24 months of total cash compensation (i.e. base salary
plus short-term incentive opportunity). This amount will be $961,000. As required under Section 2
of your Change In Control Agreement, this payment will be delayed for a period of six (6) months as
required by internal Revenue Code Section 409A.(b)
    
    You are entitled to continue life insurance coverage under the Companys group life insurance
plan for a period of twenty-four (24) months at your pre-termination level of coverage. Details
of the per month cost for your optional life insurance, spouse life Insurance, child life insurance
are attached. The intent would be to take all of these costs from your Change In Control payment
unless you elect to drop one or more of these coverage types. The attachment also shows the
amount of imputed income to keep your regular coverage in effect for 24 months.(c)
    
    You are entitled to twenty-four (24) months of additional credit for benefit accrual and
contribution allocation purposes (including credit for age,




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service and earnings pro rated over
twenty-four (24) months under the Companys tax qualified and non-qualified pension and savings
plan. Your Pension Information has been forwarded to you under separate cover. Your non-qualified
savings plan account will be credited with two years additional match [a total of $20,250] as soon
as practicable after you execute a Separation and Release Agreement.(d)
    
    Gross-up Payment if warranted under Section 3. Tax Reimbursement of your Change In
Control Agreement.
  
    
    Retirement benefits but without the enhancements included with your Change In Control
Agreement.
    
    Retiree medical coverage which begins on July 1, 2007 at active employee rates.
    
    You have the option of purchasing your company car from Novelis at book value or returning it
to Novelis.
 Agreement Concerning Retirement
 Attachment V Attachment XII
  July 1, 2007
    
    
    January 1, 2008Alcan Pension Plan (APP)
    
    $
    1,378
    
    
    $
    1,427Novelis Pension Plan (NPP)
    
    $
    2,898
    
    
    $
    3,009Supplemental Retirement Plan (SRBP)
    
    
    N/A
    
    
    $
    7,573Total
    
    $
    4,277
    
    
    $
    12,009
 
 *
    
    SRBP  total of $ 7,573 consists of two parts: a) $ 4,081 per month additional pension due to IRS
limit on compensation that can be recognized in qualified plan NPP, b) $ 3,492 per month due to the
Change In Control Agreement.




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Attachment VI
  (a)
    
    Medical:Effective on your early retirement date of July 1 2007, because of your eligibility
you began participation under the Novelis Retiree Medical coverage. Until such time that the
retiree medical plan changes, if it changes, you are eligible for retiree medical coverage at
active employee rates.(b)
    
    Dental:Effective June 30 2007 dental coverage for you and your family terminated. You were
eligible to elect COBRA coverage as was communicated to you. There is no company provision for
dental under current company retiree plans.
 Other Issues associated with Termination of Employment:
 a)
    
    Novelis Savings Plan:You should have received a termination kit from Vanguard outlining your
various possible elections.b)
    
    Novelis Canada Savings Plan:On October 9, 2007 Novelis sent an electronic transmission between
payroll (processed in Cleveland) and Fidelity showing your status end date as October 9, 2007. That
notification should trigger Fidelity to send distribution material directly to you (we do not get
any copies).c)
    
    AlcanCorp Non-Qualified Deferred Compensation Plan:Our records indicate that you continue to
be a member in this plan that is administered by Vanguard on behalf
of Alcan. Novelis as you are
aware did not continue this plan after the spin-off from Alcan. You may wish to contact the Alcan
shared services center in Chicago (866-704-2379) regarding ongoing participation and disbursement.
We expect that your annual distributions for five years will commence March 2008.d)
    
    Company Vehicle:You have the option to purchase your company vehicle at book value or return
it to the company. The price communicated to you was $ 67,350.00, plus sales tax of $5,388.00, plus
an administrative fee of $75.00, for a total of $ 72,813.00. If you have not already done so, you
will make that election in writing when you return this signed letter and the Separation and Release Agreement to me.




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e)
    
    Short-Term Incentive:(May 15  30 June 2007)  Under the terms of
Section 2.(c)(i) of your Change In Control Agreement (Attachment II),you shall be entitled to a
short term incentive award for this period pursuant to the terms of the incentive plan with respect
to which such award is issued (Novelis Annual Incentive Plan 2007 2008 is attached as Attachment
VII).The amount of this award will be inclusive of the one time payment covered in section (i)
below.f)
    
    Tax preparation services:Novelis will provide tax preparation services for the 2007 and 2008
tax years.g)
    
    Separation and Release Agreement:As articulated within the Change In Control Agreement, the
company has prepared the Separation and Release Agreement that is attached as Attachment Xand it
updates Attachment IV, Attachment VIM(red-lined version) and Attachment IX(clean version).h)
    
    Tax Reimbursement  Gross-Up Payment: Attachment XIis the calculation document reflecting
Noveliss contractual requirements under section 3 (c) of the Change In Control Agreement,
pertaining to the amount of excise tax to be imposed by Section 4999, if any, and gross-up as
determined under Section 280.i)
    
    One Time Payment.The company will provide you with a taxable one time payment of $50,000,
payable by Novelis as soon as is practicable after January 1, 2008 provided you have executed and
have not revoked the Separation and Release Agreement, covering additional consideration for a
release, including but not limited to the 2007 STI referenced in section (e), reimbursement for
certain legal fees, 409A tax consultation services and similar release-related items. This payment
will address all other potential requests for reimbursement associated with Separation and is
reflected as consideration cited in section 4 (f) of the Separation and Release Agreement Attachment X.
 Attachment X
 Yours truly,/s/ Robert VirtueRobert VirtueVP Human ResourcesAccepted and Agreed:/s/ David Godsell
    
    November 12 2007David Godsell
    
    Date: