December 15, 2003

Monthly Update to Customers, Employees, Suppliers, and Friends of Kaiser Aluminum:

In Today’s Court Hearing

The Court approved the sale of several surplus land parcels near the Mead, Washington, smelter. None of these sales affects the ability of the Mead smelter to operate.  The company also obtained Court approval on a few fairly narrow technical and legal matters. The next Court hearing is scheduled for January 26, 2004.

Prior to Today’s Hearing, the Court also Approved the Following Motions

• Extension of exclusivity through the end of February 2004.
• Bidding procedures for two additional surplus parcels at Mead.

Liquidity Update

The company continues to have substantial liquidity of approximately $190 million.

As the year draws to a close, I want to extend a word of thanks to customers, employees, suppliers, and other friends of Kaiser Aluminum. Your ongoing support has enabled the company to continue its steady progress toward emergence from Chapter 11 in mid-2004. Best wishes to all for the holiday season.

Jack A. Hockema
President and Chief Executive Officer

MONTHLY OPERATING REPORTS

UPDATE ARCHIVE

November 2003
October 2003
September 2003
August 2003
July 2003
June 2003
May 2003
April 2003
March 2003
February 2003
January 2003
December 2002
November 2002
October 2002
September 2002
August 2002
July 2002
June 2002
May 2002
April 2002
March 2002

December 19, 2003
Letter to Participants of the Kaiser Aluminum Salaried Employees  Retirement Plan (KRP)

November 17, 2003
October 27, 2003
September 22, 2003
August 25, 2003
July 28, 2003

July 24, 2003:
Memo to Salaried Retirees and Employees Regarding Section 1114 Bankruptcy Court Filing

July 24, 2003:
Open Letter to Customers and Suppliers from CEO Jack Hockema

June 16, 2003
May 19, 2003
April 28, 2003
March 17, 2003
February 4, 2003
January 27, 2003
January 14, 2003 (Jamaica)
January 14, 2003 (Canada)
December 19, 2002
November 26, 2002
October 29, 2002
September, 23, 2002
August 27, 2002
July 17,2002
June 21, 2002