Century Aluminum Lists Stock in Iceland

MONTEREY, CA--(Marketwire - June 14, 2007) - Century Aluminum Company (NASDAQ: CENX) today announced that it has listed its global depositary receipts on the First North Iceland market. The company expects to be approved for listing on the main market of the OMX Nordic Exchange in Iceland at a later date. Century is the first American company to list its stock in Iceland.

On June 13, 2007, Century announced the closing of its public offering of 7,250,000 shares of common stock at a public offering price of $52.50 per share. Approximately 1.65 million shares of common stock sold in the offering were sold to institutional investors in Iceland by way of global depositary receipts. The global depositary receipts have been accepted for trading on the First North Iceland market of the OMX Nordic Exchange.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated served as global coordinators for the offering. Kaupthing Bank hf., Kaupthing Securities, Inc. and Landsbanki Islands hf. acted as co-managers.

The Company expects to use the net proceeds of the offering as part of the financing for the construction of its proposed new aluminum smelter near Helguvik, Iceland. Pending the commencement of major construction activities for this project, the Company intends to apply the net proceeds from the offering to debt reduction, investment in highly rated short-term securities and other corporate purposes.

"We are proud to be the first American company to list our stock in Iceland," said Logan W. Kruger, President and Chief Executive Officer. "We are gratified by the positive response to our offering by Iceland's investment community and believe that our listing in Iceland will only serve to enhance our close ties with Iceland's people and institutions."

Century Aluminum Company owns primary aluminum capacity in the United States and Iceland, as well as an ownership interest in alumina and bauxite assets in the United States and Jamaica. Century's corporate offices are located in Monterey, California.