Aleris begins soliciting approval for plan of reorganization

Aleris International, Inc., a global producer of aluminum rolled products, extrusions and recycling, announced that it has reached a settlement with the Committee of Unsecured Creditors appointed in the Company’s chapter 11 case, under which the amount of money available for payment to holders of Class 5 Claims was increased from an initial proposed amount of $4.0 million to $16.5 million.

The settlement has no impact on the potential recovery of any other classes of creditors under the plan.

The Company also said that it has begun the process of soliciting approval from eligible creditors for the Company’s proposed plan of reorganization.

The solicitation package contains the Disclosure Statement and information on the amended plan and includes a letter stating the clear support for the plan by the Committee of Unsecured Creditors.

The confirmation hearing for the Plan has been scheduled for May 13, 2010.

Claims information and Court filings, including the proposed Plan and Disclosure Statement are available at www.kccllc.net/Aleris.