For Immediate Release
             February 29, 2012

Aleris Reports Fourth Quarter and Full Year 2011 Results
CLEVELAND, Ohio – February 29, 2012 – Aleris International, Inc. today reported results for the quarter and twelve months ended December 31, 2011.

Performance Summary
  
Revenue for the fourth quarter of 2011 was approximately $1.1 billion, consistent with the fourth quarter of 2010. Fourth quarter 2011 revenue was positively impacted by higher rolling margins and improved product mix, offset by lower volumes and London Metal Exchange (“LME”) prices.

Value-added mix from aerospace growth, higher North America volumes, wider spreads and rolling margins in the fourth quarter of 2011 offset the impact of weaker demand in Europe.

Net income attributable to Aleris International, Inc. for the fourth quarter of 2011 was $20 million compared to $42 million for the fourth quarter of 2010. Fourth quarter 2011 net income was negatively impacted by $24 million of unrealized, non-cash mark-to-market losses on derivative financial instruments while fourth quarter 2010 net income benefited from $8 million of unrealized gains.

Adjusted EBITDA for the fourth quarter of 2011 was $62 million compared to $63 million for the fourth quarter of 2010. Adjusted EBITDA for the year ended December 31, 2011 totaled $332 million compared to $264 million for 2010.

Cash provided by operating activities was $117 million in the fourth quarter of 2011 compared to $22 million in the fourth quarter of 2010. The increase was driven by working capital productivity and the impact of lower LME prices.

Liquidity at December 31, 2011 was $621 million, which consisted of $390 million of availability under the Company’s ABL Facility plus $231 million of cash.

Capital expenditures increased in the fourth quarter sequentially and as compared to the prior year period due to planned spending on the Company’s aerospace plate mill in Zhenjiang, China, the wide auto body sheet expansion project in Duffel, Belgium and the recycling business.

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The following information was filed by Aleris International, Inc. on Wednesday, February 29, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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