EX-99.(D) 5 dex99d.htm LETTER ISSUED BY ALCOA INC. TO ALCAN INC., DATED JUNE 28, 2007 Letter Issued by Alcoa Inc. to Alcan Inc., dated June 28, 2007

Exhibit 99(d)

June 28, 2007

Mr Richard B. Evans

President and Chief Executive Officer

Alcan Inc.

1188 Sherbrooke Street West

Montreal, Quebec, Canada H3A 3G2

Dear Dick:

I cannot understand the response we received from you this morning. As I have indicated in our last two letters and our conversation, I am ready to consider value for your shareholders beyond that reflected in our outstanding offer. I thought this effort was consistent with your stated goal and your Board’s fiduciary duties. I trust that you will agree with me that the only way you can be confident that you have maximized value for your shareholders and achieved a transaction that is in the best interests of your shareholders is to include us in any process you may be pursuing. I and our advisors stand ready to engage in substantive conversations with you and your Board at the earliest practicable time.

Best regards,

Alain Belda

 

cc: Y. Fortier

P. Tellier