Aleris International's Plan of Reorganization Confirmed by Bankruptcy Court

By Aleris International Inc., PRNE
Wednesday, May 12, 2010

Company Set to Emerge from Chapter 11 on or About June 1

BEACHWOOD, Ohio, May 13, 2010 - Aleris International, Inc. a global leader in aluminum rolled products,
extrusions and recycling, announced today that the U.S. Bankruptcy Court in
Delaware entered an order confirming the company's Plan of Reorganization
(Plan). The Plan received substantial support from key U.S. and European
secured creditors as well as unsecured creditors. With this action, Aleris
expects the Plan to become effective and the Company and its wholly-owned
co-debtors to emerge from Chapter 11 as a private Company on or around June

Steven J. Demetriou, Aleris Chairman and CEO, said, "We are extremely
pleased to receive court approval of our Plan of Reorganization and look
forward to exiting Chapter 11 in just a matter of weeks. We have used the
past 15 months and this process to substantially reduce our debt, strengthen
our balance sheet, and significantly enhance our competitive profile with new
financial flexibility and a streamlined operating structure that preserves
all of our businesses while reducing costs.

"We expect to emerge as a well capitalized downstream aluminum company
with excellent liquidity, a committed ownership group, and a robust
production platform designed to capitalize on the industrial economic
recovery," Mr. Demetriou continued. "We are driving the Aleris Operating
System (AOS) initiative which uses Lean Sigma tools to develop standardized
global processes throughout the organization in order to drive quality and
value for customers in the markets we serve. In doing so we will be even
better able to satisfy the needs of our customers and to continue building
Aleris into a global aluminum Company that will benefit our business partners
and employees for years to come.

"I am especially appreciative for all of our hard-working employees
around the world who have helped make our restructuring a success and who
will be an important part of our future. I also want to thank the Aleris
Board of Directors for their support and counsel during this process.
Finally, I am also grateful for the support and confidence that our creditors
demonstrated by voting overwhelmingly in favor of the plan and participation
in the rights offering and exit financing," Demetriou added.

As previously announced, upon the effective date, Aleris will be a
privately held company that will be majority owned by its existing secured
creditors led by certain investment funds managed by Oaktree Capital
Management, L.P., affiliates of Apollo Management, L.P. and Sankaty Advisors,
LLC, respectively. These entities have committed to invest up to US$690
in the reorganized company in a rights offering comprised of US$45
in 10 year unsecured Notes and up to US$645 million in new equity.
Proceeds from the rights offering will be used to repay outstanding DIP loans
and pay fee expenses associated with emergence. Additionally, the Company has
received court approval to enter into a new fully committed US$500 million
asset based revolving credit facility upon emergence.

Aleris Deutschland Holding GmbH ("ADH"), a non-operating holding company
with no employees or operating assets and that conducts no commercial
business, was included as part of the overall Aleris Plan of Reorganization
and is also expected to emerge from Chapter 11 on or about June 1.

About Aleris

Aleris International, Inc. is a global leader in aluminum rolled products
and extrusions, aluminum recycling and specification alloy production.
Headquartered in Beachwood, Ohio, a suburb of Cleveland, the Company operates
over 40 production facilities in North America, Europe, South America and
Asia, and employs approximately 6,500 employees. For more information about
Aleris, please visit our Website at

U.S. Media, Ruth Pachman, +1-212-521-4891, or David Lilly, +1-212-521-4878, Kekst and Company; or Europe Media, Hering Schuppener, or Alex Seiler, +49-69-921874-54

will not be displayed