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Re: Zephyr post# 124626

Thursday, 07/06/2006 2:39:20 PM

Thursday, July 06, 2006 2:39:20 PM

Post# of 275594
yes. KLUC shares will be extinguished

The Kaiser Aluminum Amended Plan, in general (subject to the further conditions precedent as outlined below), resolves substantially all pre-Filing Date liabilities of the Remaining Debtors under a single joint plan of reorganization. In summary, the Kaiser Aluminum Amended Plan provides for the following principal elements:

(a) All of the equity interests of existing stockholders of the Company would be cancelled without consideration.

http://www.sec.gov/Archives/edgar/data/54291/000095012906005332/h35820e10vq.htm




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