Alumina's Scheme Meeting and Scheme Booklet Update

Alumina Limited (ASX: $AWC) has received court approval for the convening of a meeting to consider the proposed acquisition by Alcoa Corporation. The Federal Court of Australia has ordered the convening of a Scheme Meeting for Alumina shareholders to vote on the acquisition. Additionally, the court has approved the distribution of a Scheme Booklet containing information about the proposed acquisition and the notice of the meeting. The Scheme Booklet, which will include an independent expert's report, is expected to be released to ASX on Tuesday 11 June 2024, following registration with the Australian Securities and Investments Commission. It will also be available on Alumina's website after its release on ASX.

Executive Commentary

The court orders for the convening of the Scheme Meeting and the distribution of the Scheme Booklet mark significant progress in the proposed acquisition process. We are committed to ensuring that our shareholders have access to comprehensive information about the proposed acquisition, and we believe that the Scheme Booklet, including the independent expert's report, will provide valuable insights for our shareholders to make informed decisions. We look forward to the upcoming meeting and the release of the Scheme Booklet to facilitate a transparent and fair process for all our stakeholders.

Summary of Alumina's Acquisition Proposal Update

Alumina Limited (ASX: $AWC) has received court approval for the convening of a Scheme Meeting and the distribution of a Scheme Booklet in relation to the proposed acquisition by Alcoa Corporation. The Federal Court of Australia has ordered the convening of the Scheme Meeting for Alumina shareholders to vote on the acquisition, along with approving the distribution of the Scheme Booklet containing comprehensive information about the proposed acquisition and the notice of the meeting. The Scheme Booklet, expected to be released on Tuesday 11 June 2024, will include an independent expert's report and will be available on Alumina's website. The company remains committed to providing transparent and comprehensive information to its shareholders and looks forward to facilitating a fair and informed decision-making process. This development marks a significant step in the acquisition process, and Alumina is dedicated to ensuring a transparent and fair process for all stakeholders involved.