Novelis Inc.

Novelis Inc. is listed on NYSE (NVL). We are the world's leading aluminum rolled products producer based on shipment volume in 2004, with total aluminum rolled products shipments of approximately 2,785 kilotonnes during that year. With operations on four continents comprised of 37 operating facilities in 12 countries, we are the only company of our size and scope focused solely on aluminum rolled products markets and capable of local supply of technically sophisticated products in all of these geographic regions. We had sales and operating revenues of $7.8 billion in 2004. We describe in this Annual Report on Form 10-K the businesses we acquired from Alcan in the reorganization transactions, which we now operate, as if they were our businesses for all historical periods described.

Novell Inc.

Novell Inc. is listed on NASDAQ (NOVL). Novell designs, develops, maintains, implements, and supports proprietary and open source software for use in business solutions. With approximately 5,100 employees globally, we help our worldwide customers manage, simplify, secure and integrate their technology environments by leveraging best-of-breed, open source and open standards-based software. With over 20 years of experience, our employees, partners and support centers around the world help customers gain control over their information technology (IT) operating environment while reducing the cost, complexity, and vulnerabilities of those environments. We provide security and identity management, resource management, desktop, workgroup, and data center solutions on several operating systems, including Linux, NetWare®, Windows, and Unix. All of our solutions are supported by our global services and support, including consulting, training and technical support services.

Pfeiffer Vacuum Technology AG ..y AG is domiciled at Berliner Strasse 43, D-35614 Asslar, Germany; telephone: +49-(0)6441-802-0, fax: +49-(0)6441-802-202, http:-www.pfeiffer-vacuum.n..

Pharmaceutical Product Development Inc. .. and development services and products to pharmaceutical, biotechnology and medical device companies. Our corporate mission is to help clients maximiz..

PPlus Trust ..urities held by PPLUS Trust Series VAL-1, please refer to Valero Energy Corporations (Commission file number 001-13175) periodic reports, including an..

Pacific Premier Bancorp Inc .. Pacific Premier Bancorp, Inc. and our consolidated subsidiaries, including Pacific Premier Bank, our primary operating subsidiary. All references to ..

PP&L Corporation ..s an energy and utility holding company that was incorporated in 1994. PPL has been exempted by the SEC from the provisions of PUHCA applicable to it ..

Partners Trust Financial Group Inc. .., which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. Thes..

Psychemedics Corporation ..n organized on September 24, 1986 to provide testing services for the detection of abused substances through the analysis of hair samples. The Company..

Performance Technologies Incorporated ..ier of platforms, components, software, and service solutions for the embedded systems marketplace that can be used in a broad range of applications a..

PPlus Trust ..urities held by PLUS Trust Series GSG-2, please refer to The Goldman Sachs Group, Inc.s (Commission file number 001-14965) periodic reports, including..

Quebecor World Inc. ...1 BUSINESS OVERVIEW 2.1.1 Our Business We are one of the largest commercial print media services companies in the world and one of the few commercial..

Radian Group Inc. .. to the global financial and capital markets. Our subsidiaries provide products and services through three primary business lines: mortgage insurance,..

Regent Communications Inc. ..uiring, developing and operating radio stations in mid-sized and small markets. We currently own 56 FM and 19 AM radio stations in 15 markets in Calif..

RIT Technologies Ltd. ..chnologies Ltd. was incorporated in Israel and commenced operations in 1989. We are a company limited by shares and operate under Israeli law. The pri..

Arbinet-thexchange Inc. ..routing and settling communications capacity. Members of our exchange, consisting primarily of communications services providers, anonymously buy and ..

Royal & SunAlliance Insurance Group PLC .. merger in 1996 of two of the then largest U.K. insurers Royal Insurance Holdings plc and Sun Alliance Group plc. Royal & Sun Alliance Insurance Group..

Royal Caribbean Cruises Ltd. .. The current parent corporation, Royal Caribbean Cruises Ltd., was incorporated on July 23, 1985 in the Republic of Liberia under the Business Corpora..

Southwest Airlines Company ..stic airline that provides point-to-point, low-fare service. Historically, routes served by Southwest had been predominantly short-haul, with high fre..

San Juan Basin Royalty Trust ..ws of the state of Texas by the San Juan Basin Royalty Trust Indenture (the Original Indenture) entered into on November 3, 1980, between Southland Ro..

Spirit Finance Corporation ..d our company refer to Spirit Finance Corporation, a Maryland corporation, and our subsidiaries, unless the context indicates otherwise. We are a self..

Superior Well Services Inc. ..n 2005 to serve as the parent holding company for an oilfield services business operating under the Superior Well Services name since 1997. In August ..

Apogee Enterprises Inc. ..e laws of the State of Minnesota in 1949. Through its subsidiaries, the Company believes it is a world leader in technologies involving the design and..

Synagro Technologies Inc. ..ts to secure the protection of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for all forward-looking statements m..

Sony Corporation ..he Sony Group, was established in Japan in May 1946 as Tokyo Tsushin Kogyo Kabushiki Kaisha, a joint stock company (Kabushiki Kaisha) under the Japane..

SRA International Inc ..y services and solutions to clients in national security, civil government, and health care and public health. Our largest market, national security, ..

Smurfit-Stone Container Corporation .., Company or Smurfit-Stone refers to the business of Smurfit-Stone Container Corporation and its subsidiaries. GENERAL Smurfit-Stone Container Corpora..

Seattle Genetics Inc. ..d on the development of monoclonal antibody-based therapeutic products for the treatment of cancer and immunologic diseases. We currently have three p..

Star Scientific Inc. ..subsidiary, Star Tobacco, Inc. (ST and together with Star) are technology-oriented tobacco companies with a mission to reduce toxins in tobacco leaf a..

SWISSCOM AG ..ons provider in Switzerland, offering a comprehensive range of products and services to residential and business customers. As the leading provider of..

Tarrant Apparel Group ..pany for private label and private brand casual apparel serving mass merchandisers, department stores, branded wholesalers and specialty chains locate..

Tiens Biotech Group (USA) Inc. ..rly known as Strategika, Inc. (Strategika), was incorporated on July 13, 1990 as Super Shops, Inc. in the State of Michigan. In October 2000, Super Sh..

Telecom Argentina Stet - France Telecom S.A. .. private-sector corporations in Argentina in terms of revenues. We have a non-expiring license (the License) to provide fixed-line public telecommunic..

Theravance Inc. ..ipeline of internally discovered product candidates. Of our six programs in development, two are in late stage-our bacterial infections program focusi..

Telik Inc. ..nd is a biopharmaceutical company working to discover, develop and commercialize innovative small molecule drugs to treat diseases. Our most advanced ..

Too Inc. .. January 31, 2004, and the consolidated statements of operations, changes in stockholders' equity and cash flows for the years ended January 31, 2004 ..

Transcontinental Realty Investors Inc. ..e Company or we or us), a Nevada corporation, is the successor to a California business trust that was organized on September 6, 1983 and commenced op..

Tuxis Corporation ..ties and Exchange Commission (the SEC) pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, are made available, free..

Telvent GIT S.A. ..provides value-added real-time products and services solutions to customers in targeted industrial sectors (Energy, Traffic, Transport and Environment..

The Exploration Company ..cal, including statements regarding TXCOs or managements intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or..

Net 1 UEPS Technologies Inc. ..lorida in May 1997. Until June 7, 2004, Net 1 UEPS Technologies, Inc. was a development stage company and its business consisted only of acquiring a l..

Ultra Petroleum Corp. ..l and gas company engaged in the development, production, operation, exploration and acquisition of oil and gas properties. The Company was incorporat..

UnumProvident Corporation ..numProvident Corporation, a Delaware general business corporation, and its insurance and non-insurance companies that collectively operate in the Unit..

Vical Incorporated ..rch and develop biopharmaceutical products based on our patented DNA delivery technologies for the prevention and treatment of serious or life-threate..

Valley National Bancorp ..orporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (Holding Company Act). At December 31, 2004, Va..

Viasys Healthcare Inc ..developing, manufacturing, marketing and servicing a variety of medical devices, instruments and medical and surgical products for use in the respirat..

Western Digital Corporation ..) designs, develops, manufactures and sells hard disk drives. A hard disk drive is a device that stores data on one or more rotating magnetic disks to..

Willow Grove Bancorp Inc. ..vania corporation and parent holding company for Willow Grove Bank. The Bank, which was originally organized in 1909, is a Federally chartered savings..

WOLSELEY PLC ..velopment of the Company The Company and its subsidiaries form an international group of companies, engaged primarily in the wholesale distribution an..

Watts Water Technologies Inc. ..s which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These ..

Webzen Inc ..e incorporated as a company with limited liability under Korean law on April 28, 2000. Our legal and commercial name is [[Image Removed]] (pronounced ..

EZCORP Inc. ..rincipal executive offices located at 1901 Capital Parkway, Austin, Texas 78746. Its telephone number is (512) 314-3400. Interested parties may access..

ZipRealty Inc. ..erage firm, using the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service a..

American Bio Medica Corp. ..r the laws of the State of New York under the name American Micro Media, Inc. On September 9, 1992, we filed an amendment to our Articles of Incorpora..

Action Products International Inc. ..used, educational toy company. We design, manufacture and market a diversified portfolio of educational, positive and non-violent brands of toy produc..

Adeza Biomedical Corporation ... All statements contained in this Form 10-K other than statements of historical fact are forward-looking statements. The words may, continue, estimat..

Astoria Financial Corporation .. the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association and its consolidated subsidiaries, or Astori..

AtheroGenics Inc. ..mpany incorporated in the State of Georgia in 1993. We are focused on the discovery, development and commercialization of novel drugs for the treatmen..

Arts-Way Manufacturing Co. Inc. ..as a farm equipment manufacturer in 1956. Our manufacturing plant is located in Armstrong, Iowa. On July 28, 2003, we purchased the assets of Obeco, I..

Alteon Inc. ..ngaged in the discovery and development of small molecule drugs to reverse or slow down diseases of aging and complications of diabetes. We have ident..

Allied Motion Technologies Inc. ..s organized under the laws of Colorado in 1962. The Company is engaged in the business of designing, manufacturing and selling motor and servo motion ..

Antares Pharma Inc. .. delivery-pharmaceutical company utilizing its experience and expertise in drug delivery systems to enhance the performance of established and develop..

American Power Conversion Corporation ..s a leading provider of global, end-to-end infrastructure availability solutions. APCs comprehensive products and services offering, which is designed..

ATC HEALTHCARE INC ..on which was incorporated in New York in 1978 and reincorporated in Delaware in May 1983. Unless the context otherwise requires, all references to the..

Aztar Corporation ..June 1989 to operate the gaming business of Ramada Inc. after the restructuring of Ramada Inc. The terms Aztar, we, our, and us, as used in this Form ..

Sothebys Holdings Inc. ..aries, unless the context otherwise requires) is one of the worlds two largest auctioneers of fine art, decorative arts and collectibles. The Company ..

Briggs & Stratton Corporation ..of air cooled gasoline engines for outdoor power equipment. Briggs & Stratton designs, manufactures, markets and services these products for original ..

Cascade Microtech Inc. ..incorporated herein by reference contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All st..

Cell Therapeutics Inc. ..ents for cancer. Our goal is to build a leading, vertically-integrated biopharmaceutical company with a diversified portfolio of proprietary cancer dr..

CheckFree Corporation ..mpany in this Annual Report on Form 10-K mean CheckFree Corporation and all entities owned or controlled by CheckFree Corporation, except where it is ..

CORUS Bankshares Inc. ..nnesota in 1958, is a bank holding company registered under the Bank Holding Company Act of 1956. Corus provides consumer and corporate banking produc..

CT Communications Inc. .. discuss future expectations, contain projections of results of operations or financial condition or state other forward-looking information. These fo..

Danaher Corporation ..ign, manufacture and marketing of industrial and consumer products, which are typically characterized by strong brand names, proprietary technology an..

Dendrite International Inc. ..987 with a mission to improve sales and marketing productivity for pharmaceutical and other life sciences companies. Through organic growth and strate..

Envoy Communications Group Inc. ..al consumer and retail branding company with offices in North America and Europe. Envoy conducts its branding services through its wholly-owned subsid..

ENERSIS S A ..anized as Compañía Chilena Metropolitana de Distribución Eléctrica S.A., as recorded in a public deed on June 19, 1981. The existence of our company w..

Liberte Investors Inc. ..s) is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. We currently write non-standar..

FedEx Corporation ..io of transportation, e-commerce and business services with companies that operate independently and compete collectively under the respected FedEx br..

Franklin Street Properties Corp. ..ch we will refer to as FSP Corp. or the Company, is a Maryland corporation that operates in a manner intended to qualify as a real estate investment t..

CGI Group Inc. ..GI's business operations are structured in two key lines of business (LOB): The IT Services LOB and the Business Process Services (BPS) LOB. CGI's rem..