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2015 News Releases

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07/28/15Noranda Announces Special Meeting to Seek Stockholder Approval of Reverse Stock Split, Receives Continued Listing Standard Notice from NYSE
Franklin, Tennessee - July 28, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda" or the "Company") announced today that it has received written notice from the New York Stock Exchange (NYSE) that the Company is not in compliance with one of the NYSE's continued listing standards because the average closing price of its common stock was less than $1.00 per share over a 30 consecutive trading day period. The Company also announced today that it has set August 2... 
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07/22/15Noranda Reports Second Quarter 2015 Results with Continued Progress on Key Productivity Initiatives
Second Quarter 2015 and Other Highlights Fifth consecutive quarter of positive cash flow from operating activities and third consecutive quarter of greater cash flow from operating activities than prior year quarter. Cash and cash equivalents totaled $24.5 million and total available liquidity was $159.1 million as of June 30, 2015 Excluding special items, EPS was a $0.25 loss versus a $0.08 loss in second quarter 2014; reported EPS was a $0.37 loss versus a $0.11 loss in the second quarte... 
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07/09/15Noranda Aluminum Holding Corporation to Announce Second Quarter 2015 Results and Host Earnings Call
Franklin, Tennessee - July 9, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) will announce financial results for second quarter 2015 in a news release before the NYSE opens on July 22, 2015.  Management will review those results during a conference call at 10:00 AM Eastern on July 22, 2015, followed by a question-and-answer session. The call will be broadcast over the Internet on the Company's homepage at www.norandaaluminum.com/investor. The webcast will be archived shortly after the c... 
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06/29/15Noranda Names Presidents for Bauxite and Alumina Business and Primary Aluminum Business
Franklin, Tennessee--June 29, 2015--Noranda Aluminum Holding Corporation (NYSE: NOR) announced today the hiring of Julio Costa as President of the Company's Bauxite and Alumina business. Noranda also announced that Mike Griffin, the Company's Vice President of Manufacturing, has been named President of the Primary Aluminum business. Costa and Griffin join Scott Croft, who continues as President of the Flat-Rolled Products business, and who has also been named Noranda's Chief Commercial Officer, ... 
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06/25/15Noranda's Board of Directors Approves 1-for-7 Reverse Stock Split
Franklin, Tennessee - June 25, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda" or the "Company") announced today that its Board of Directors (the "Board") has unanimously approved a 1-for-7 reverse stock split of its common stock (the "reverse stock split") and a reduction in the number of authorized shares of its common stock (the "authorized share reduction").    The Company expects to hold a special meeting of stockholders t... 
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06/18/15Noranda to Evaluate Strategic Alternatives; Board of Directors Engages Morgan Stanley as Financial Advisor, Takes Other Actions
Franklin, Tennessee-June 18, 2015-Noranda Aluminum Holding Corporation (NYSE: NOR) announced today that it has engaged Morgan Stanley & Co. LLC ("Morgan Stanley") to serve as financial advisor for the Company as it evaluates a variety of strategic alternatives. The Company also announced that its Board of Directors has decided to suspend the Company's quarterly dividend and will seek stockholder approval of a reverse stock split at a ratio to be determined. "We are pleased to... 
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06/15/15Noranda Obtains Project Financing to Complete New Madrid Rod Mill
Franklin, Tennessee-June 15, 2015-Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda") announced today that it has obtained $15 million of project-specific financing that will allow it to complete a state-of-the-art redraw rod mill at its aluminum smelter in New Madrid, Missouri ("New Madrid"). The new rod mill will increase Noranda's production capacity by approximately 43% and will exemplify the latest cutting-edge technology in the North American marketplace.  The ... 
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06/11/15Noranda and Government of Jamaica Reach Interim Agreement; GOJ Agrees to Discontinue Injunction Proceedings
Franklin, Tennessee-June 10, 2015-Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda") announced today that its wholly-owned subsidiary Noranda Bauxite Limited ("NBL") has reached an interim agreement with the Government of Jamaica (the "GOJ") relating to a dispute regarding production levies. The interim agreement addresses payments of production levies pending the conclusion of arbitration related to those levies, and will be in effect until the earlier of... 
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05/26/15Noranda Announces Appointment of Richard B. Evans as Chairman of its Board of Directors
Franklin, Tennessee - May 26, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) announced today that its Board of Directors has appointed Richard B. Evans to serve as the Chairman of the Company's Board of Directors. Mr. Evans has more than 40 years in the aluminum industry, having served in senior management positions at Rio Tinto, Alcan and Kaiser Aluminum & Chemical.  His executive management experience encompasses engineering, operations, finance, sales and strategy. The Company al... 
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05/12/15Noranda Aluminum Holding Corporation Announces Pricing of Secondary Offering of Common Stock by Apollo
FRANKLIN, Tenn.--May 12, 2015--Noranda Aluminum Holding Corporation (NYSE: NOR) (the "Company") announced today the pricing of the previously announced secondary public offering of 22,840,000 shares of the Company's common stock held by certain funds affiliated with Apollo Global Management, LLC (the "Selling Stockholders").  The Company will not sell any shares in the offering and will not receive any proceeds from the offering. Prior to this offering, the Selling Stockholde... 
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05/11/15Noranda Aluminum Holding Corporation Announces Secondary Offering of Common Stock by Apollo
Franklin, Tennessee--May 11, 2015--Noranda Aluminum Holding Corporation (NYSE: NOR) (the "Company") announced today the commencement of a secondary public offering of 22,840,000 shares of the Company's common stock by certain funds affiliated with Apollo Global Management, LLC (the "Selling Stockholders"). The Company itself is not selling any shares and will not receive any proceeds from the proposed offering. Prior to this offering, the Selling Stockholders owned or control... 
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05/06/15Noranda Reports First Quarter 2015 Performance and Completion of Key Productivity Initiatives
First Quarter 2015 and Other Highlights ·           Total segment profit was $33.9 million versus $49.6 million in fourth quarter 2014 and $10.7 million in first quarter 2014 ·           Completed in April key productivity initiatives that structurally reduce Noranda's cash costs by $22 to $30 million per year ·           Cash and cash equivalents totaled $23.5 million and total available liquidity was $165.4 million as of March 31, 2015 ·           Excluding special items, EPS was a $0.03 l... 
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05/06/15Noranda Declares Quarterly Dividend on Common Stock
Franklin, Tennessee-May 6, 2015-Noranda Aluminum Holding Corporation (NYSE: NOR) announced today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share to be paid on June 10, 2015 to shareholders of record as of May 18, 2015. The Board anticipates declaring this dividend in future quarters on a regular basis; however, changes in the Company's financial condition and cash needs could result in dividends being declared in different amounts, or not at all. About th... 
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04/30/15Noranda Announces Ruling by Missouri Public Service Commission that Reduces Electricity Rates for New Madrid Smelter
Franklin, Tennessee -April 30, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda" or the "Company") reported today that the Missouri Public Service Commission has established a new and reduced electricity rate structure for the Company's aluminum smelter in New Madrid, Missouri ("New Madrid"). "Securing a reduced rate for our single largest cost is an important milestone in our on-going journey to structurally improve our cost profile," sai... 
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04/30/15Noranda Aluminum Holding Corporation to Announce First Quarter 2015 Results and Host Earnings Call
Franklin, Tennessee -April 30, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) will announce financial results for first quarter 2015 in a news release before the NYSE opens on May 6, 2015.  Management will review those results during a conference call at 10:00 AM Eastern on May 6, 2015, followed by a question-and-answer session. The call will be broadcast over the Internet on the Company's homepage at www.norandaaluminum.com/investor. The webcast will be archived shortly after the confe... 
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03/10/15Noranda, Consumer Parties Reach Agreement on Allocation of Ameren Missouri Electricity Rates
Franklin, Tennessee - March 10, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) ("Noranda" or the "Company") announced it has joined in a rate design agreement with consumer groups in the Missouri Public Service Commission ("PSC") general electricity rate case for Ameren Missouri. The consumer agreement remains subject to approval by the PSC as part of the Ameren rate case, which is expected to be decided by May 31, 2015. Among other provisions, the consumer... 
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02/18/15Noranda Declares Quarterly Dividend on Common Stock
Franklin, Tennessee-February 18, 2015-Noranda Aluminum Holding Corporation (NYSE: NOR) announced today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share to be paid on March 25, 2015 to shareholders of record as of March 2, 2015. The Board anticipates declaring this dividend in future quarters on a regular basis; however, changes in the Company's financial condition and cash needs could result in dividends being declared in different amounts, or not at all. ... 
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02/18/15Noranda Reports Fourth Quarter Results, Sequential and Year-over-Year Profit Improvement
Fourth Quarter 2014 Highlights ·           Excluding special items, earnings per share ("EPS") was a $0.14 profit compared to a $0.15 loss in fourth quarter 2013; reported EPS was a $0.02 profit compared to a $0.26 loss in the fourth quarter 2013 ·           Total segment profit was $49.6 million compared to $36.6 million in third quarter 2014 and $20.8 million in fourth quarter 2013 ·           Average realized Midwest transaction price per pound shipped was $1.12 compared to $1.08... 
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02/10/15Noranda Aluminum Holding Corporation to Announce Fourth Quarter 2014 Results and Host Earnings Call
Franklin, Tennessee - February 10, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) will announce financial results for fourth quarter 2014 in a news release before the NYSE opens on February 18, 2015.  Management will review those results during a conference call at 10:00 AM Eastern on February 18, 2015, followed by a question-and-answer session. The call will be broadcast over the Internet on the Company's homepage at www.norandaaluminum.com/investor. The webcast will be archived shortl... 
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