Noranda Aluminum Holding Corporation Announces Insurance Settlement

FRANKLIN, Tenn.--(Business Wire)--
Noranda Aluminum Holding Corporation ("Noranda," or the "Company") announced a
$43.875 million partial insurance settlement, pursuant to the signing of a claim
settlement agreement ("the Release") with Factory Mutual Insurance Company ("FM
Global") related to FM Global`s portion of the Company`s pot line freeze claim
from the January 2009 New Madrid smelter outage. FM Global provides 65% of the
coverage for the commercial property insurance policy that governs the Company`s
pot line freeze claim. Under the Release, the Company will receive proceeds
totaling $43.875 million from FM Global, which includes the $9.75 million of
claim advances previously received. The Company also announced the potential of
similar settlements with the three other insurance carriers in the policy.

Forward-looking Statements

This press release contains "forward-looking statements" which involve risks and
uncertainties. You can identify forward-looking statements because they contain
words such as "believes," "expects," "may," "should," "seeks," "approximately,"
"intends," "plans," "estimates," or "anticipates" or similar expressions that
relate to our strategy, plans or intentions. All statements we make relating to
our estimated and projected earnings, margins, costs, expenditures, cash flows,
growth rates and financial results or to our expectations regarding future
industry trends are forward-looking statements. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the
date on which they are made and which reflect management's current estimates,
projections, expectations or beliefs and which are subject to risks and
uncertainties that may cause actual results to differ materially. We undertake
no obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as otherwise
required by law.

Noranda's actual results or performance may differ materially from those
suggested, expressed or implied by forward-looking statements due to a wide
range of factors including, but not limited to, the general business environment
and fluctuating commodity prices. For a discussion of additional risks and
uncertainties that may affect the future results of Noranda, please see
"Cautionary Statement Concerning Forward-Looking Statements," "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in Noranda`s Form 10-K, filed on February 25, 2009, and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in Noranda's Quarterly Reports on Form 10-Q and other items
throughout the Forms 10-Q and Noranda's 2009 Current Reports on Form 8-K.

About the Company

Noranda Aluminum Holding Corporation is a leading North American integrated
producer of value-added primary aluminum products, as well as high quality
rolled aluminum coils. The Company has two businesses, an upstream and
downstream business. The primary metals, or upstream business, produced
approximately 261,000 metric tons of primary aluminum in 2008. The rolling
mills, or downstream business, are one of the largest foil producers in North
America and a major producer of light gauge sheet products. Noranda Aluminum
Holding Corporation is a private company owned by affiliates of Apollo
Management, L.P. The information contained in this release is limited and
management encourages interested parties to read the Company`s financial reports
and other information available on the Company`s website at
www.norandaaluminum.com.

Noranda Aluminum Holding Corporation
Robert Mahoney, +1 615-771-5752
Chief Financial Officer
robert.mahoney@noralinc.com

Copyright Business Wire 2009