Global Alumina completes sale of Guinea Alumina Corporation

Global Alumina Corporation is pleased to announce that it has completed the sale by the Company of all of its interest in Guinea Alumina Corporation, Ltd. to DM GAV Limited, pursuant to the terms of the previously announced share purchase agreement entered into by the Company and DM GAV Limited.

The board of directors of the Company has determined to distribute the cash assets of the Company, including the proceeds of the Sale Transaction, remaining after settlement of the Company's obligations and liabilities as soon as practicable. The record date in connection with the Distribution to determine the shareholders entitled to participate therein will be July 12, 2013. The Company expects that the Distribution will occur on or prior to July 31, 2013.

The Board has determined to liquidate and dissolve the Company as expeditiously as possible following the Distribution. Pursuant to the authority granted to the Board by shareholders in connection with the proposed Dissolution, the Board has elected to complete the Dissolution pursuant to subsection 137(3) of the Business Corporations Act. The Dissolution is expected to occur on or prior to July 31, 2013.

Additional information regarding the above matters are set forth in the management information circular dated May 31, 2013 of the Company, which is accessible on the Company's SEDAR reference page at www.sedar.com.