Noranda announces special meeting to seek stockholder approval of reverse stock split

Noranda Aluminum Holding Corporation announced today that it has received written notice from the New York Stock Exchange that the Company is not in compliance with one of the NYSE's continued listing standards because the average closing price of its common stock was less than $1.00 per share over a 30 consecutive trading day period.

The Company also announced today that it has set August 24, 2015 as the date it will hold a special meeting of stockholders to seek approval of an amendment to its amended and restated certificate of incorporation that would effect a previously announced proposal for a 1-for-7 reverse stock split of its common stock (the "reverse stock split") and a similar reduction in the number of authorized shares of its common stock. Proxy materials regarding the special meeting were filed today with the Securities and Exchange Commission (the "SEC") and will be disseminated to stockholders. All stockholders of record as of the close of business on July 24, 2015 will be entitled to notice of and to vote at the special meeting.

In accordance with NYSE rules, the Company can regain compliance with the NYSE continued listing requirements if, as of the last trading day of any calendar month during the six month period following the Company's receipt of the notice on July 22, 2015, the closing price per share and 30 trading-day average closing price per share of the Company's common stock is at least $1.00. During this six-month period, Noranda's common stock will continue to be traded on the NYSE, subject to compliance with other continued listing requirements. The Company anticipates that, if approved by stockholders and when completed, the effects of the reverse stock split will be sufficient for the Company to regain compliance with the NYSE continued listing requirement.

The NYSE notification does not affect the company's business operations or its SEC reporting requirements, and does not conflict with, or cause, an event of default under any of the company's material debt or other agreements.