Late last week, Century Aluminum Company reported a net loss of $232.8
million in the first quarter. Mike Dildine, Century's Director of Corporate
Relations, called the report an "accounting loss" that did not affect
Century's plant located in Hawesville.

"I spoke to Mike Powell (Hawesville's plant manager) late last week and he
said the plant is operating strong," Dildine said. "There are no serious
issues with either the Hawesville plant or Century."

He said only one issue exists with the Hawesville plant: its electric
contract. Dildine said the company hopes authorities allow the early
termination of the lease contract between Big Rivers and E-ON. If
authorities allow this lease to expire, the company may receive a reduction
in its electric costs, helping the Hawesville plant to stay competitive on
the world market.

Dildine referred to the report as "an accounting loss as a result of forward
sales of metal in 2004-2005."

In layman's terms, in 2004-2005 Century entered into fixed price contracts
with several companies. In the meantime the price of aluminum rose. Since
Century sold the aluminum on the fixed price contracts at a lower price than
the current market price, accounting procedures required the company to show
some of those contracts as a loss.

Dildine said this "accounting loss" actually overshadowed a good quarter
overall for the company. He said the company reported revenues of $471
million‹a record level. He said the company also reported $77 million in net
operating revenue in the first quarter.

In addition, the company's aluminum shipments increased roughly eight
percent over 2007 levels, he said. Dildine said the completion of the
Grundartangi, Iceland smelter in late 2007 contributed to this increase.