-------------------------Select Slide-------------------------- Novelis Q1 2008 Results Strategic Rationale & Synergy Global Leader in Rolled Aluminum Novelis’ Global Presence Novelis Management Team High-end Product Portfolio Novelis Supplies World Leaders Attractive Industry Fundamentals Novelis Regional Overview A Balanced Portfolio and Market Position Operational Excellence Innovative and Technical Leadership Innovative Processes / Products A New Generation of Sheet Products Q1 Financial Review Highlights Drivers of Performance Results at a glance Normalised EBIT Normalised EBIT Variance Price Ceiling Exposures and Risk Mitigation Income Taxes Summing Up Novelis Q1 2008 Results