Constellium and UACJ announce plan to create Joint Venture in the United States to produce Body-in-White aluminium sheet for the

   Constellium and UACJ announce plan to create Joint Venture in the United
 States to produce Body-in-White aluminium sheet for the automotive industry

  PR Newswire

  NEW YORK, Jan. 23, 2014

NEW YORK, Jan. 23, 2014 /PRNewswire/ --Constellium N.V. (NYSE and NYSE
Euronext: CSTM) and UACJ Corporation (UACJ) (5741:TSE) announced today that
they are joining forces with a view to supply and market aluminum
Body-in-White sheet to the North American automotive industry.

(Logo: )

To achieve this goal, Constellium and UACJ, through Tri-Arrows Aluminum Inc.
(TAA), (UACJ's subsidiary with Sumitomo Corporation and Itochu Group), intend
to create a joint venture company in the United States, as an equal
partnership, to serve the North American market. The JV is expected to include
a continuous heat treatment and conversion line with an initial target
capacity of 100,000 metric tons supplied by cold rolled coils from both
partners' rolling mills. The planned facility is designed to allow for
expansion beyond 100,000 tons. The total joint investment by both parties is
expected to amount to approximately $150 million.

Current Corporate Average Fuel Economy (CAFE) regulations require significant
reductions in fuel consumption by vehicles. The intrinsic lightness of
aluminum makes it a prime material for the automotive industry to meet these

"Automakers in the United States have already started to convert key models
from steel to aluminum which we believe should translate into a significant
increase in demand. We estimate that the U.S. market for Body-in-White
aluminum rolled products could grow from less than 100,000 tons in 2012 to
approximately 1 million tons in 2020," commented Laurent Musy, President of
Constellium's Packaging and Automotive Rolled Products business unit.
"Constellium expects to benefit from this significant growth potential. UACJ
is the ideal partner for us to serve U.S. customers with high-quality
automotive sheets for Body-in-White applications like hoods, doors, roofs and
structural parts of cars and trucks."

"Automotive is a strategic market for Constellium and we believe this U.S.
initiative will strengthen the company's position as a global leader," said
Pierre Vareille, CEO of Constellium. "Both companies will approach this joint
venture, in which Constellium will own 51% of the equity, as an equal
partnership. Each partner has a crucial contribution to make through coil
supply, customer relationships, and technical expertise."

"The goal of this joint venture is to support the ambitious lightweigting
programs of the automotive manufacturers in the United States. Taking into
account our joint expertise in Body-in-White production and strong
relationships with key original equipment manufacturers in each market, we
believe a joint venture between UACJ and Constellium is the optimal route to
pursue this business opportunity," explained Mitsuru Okada, CEO of UACJ.

"We believe that TAA, as the U.S. subsidiary of UACJ, will contribute
significantly to the joint venture company through its stake in our rolling
mill in Logan County, Kentucky," said Patrick Franc, President and CEO of
Tri-Arrows Aluminum.

Constellium and UACJ are working toward signing a definitive agreement in the
first half of 2014.

About Constellium

Constellium is a global sector leader that develops innovative, value added
aluminium products for a broad scope of markets and applications, including
aerospace, automotive and packaging. Constellium generated €3.6 billion of
revenue in 2012.

About UACJ

UACJ was established in October 2013 when Furukawa-Sky Aluminum and Sumitomo
Light Metal Industries integrated their business operations. Both companies
featured a distinguished history as aluminium producers in Japan. Together,
their annual capacity for rolled sheet products exceeded 1 million tons,
making them the largest such manufacturer in Japan and the third largest in
the world.

About Tri-Arrows Aluminum Inc. (TAA)

Tri-Arrows Aluminum, Inc. was established in August 2011 when a Consortium of
then- Sumitomo Light Metals Industries and Furukwa Sky Aluminum, in addition
to Sumitomo Corporation and Itochu Group purchased the former ARCO Aluminum,
Inc. TAA has long been an innovative leader in the supply and marketing of
rolled aluminium can sheet to the North American container industry with
annual production exceeding 325 thousand tons.

Forward-looking Statements

Certain statements contained in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. This press release may contain "forward-looking
statements" with respect to our business, results of operations and financial
condition, and our expectations or beliefs concerning future events and
conditions. You can identify forward-looking statements because they contain
words such as, but not limited to, "believes," "expects," "may," "should,"
"approximately," "anticipates," "estimates," "intends," "plans," "targets,"
likely," "will," "would," "could" and similar expressions (or the negative of
these terminologies or expressions). All forward-looking statements involve
risks and uncertainties. Many risks and uncertainties are inherent in our
industry and markets. Others are more specific to our business and operations.
These risks and uncertainties include, but are not limited to, the creation of
a joint venture in the United States to produce Body-in-White aluminium sheet
with UACJ Corporation, growth in the U.S. market for Body-in-White aluminium
rolled products and those set forth under the heading "Risk Factors" in our
most recent Form F-1 Registration Statement and as described from time to time
in subsequent reports filed with the U.S. Securities and Exchange Commission.
The occurrence of the events described, and the achievement of the expected
results depend on many events, some or all of which are not predictable or
within our control. Consequently, actual results may differ materially from
the forward-looking statements contained in this press release. We undertake
no obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as required by

Contact: Constellium, Nicolas Brun - Communications, Phone: +33 (0)1 73 01 46
13,; Richard Ham - Investor Relations Europe,
Paul Blalock - Investor Relations North America,; Media relations Constellium Corporate,
Aina Ramboatiana, Phone: +33 (0)1 80 50 53 11,;
Hill+Knowlton Strategies (Media & Investors), Peter Poulos, Phone: +1 (212)
885 0588,
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