Noranda Files Shelf Prospectus

On February 8, 2001, Noranda Inc. filed a shelf prospectus to qualify up to US$800 million of debt to be issued in the US under the Multi-Jurisdictional Disclosure System. The first take down occurred February 21, 2001 in respect of US$300 million of 8.775 per cent Notes. The underwriters were Goldman Sachs, Credit Suisse First Boston Corporation, Merrill Lynch & Co., Inc., CIBC World Markets and Trilon International Inc.

McCarthy T├ętrault acted for Noranda, with a team consisting of Garth M. Girvan, Jonathan Grant, Phil Kurtz and Ian Michael, with Gabrielle Richards on tax. The Noranda in-house team was led by Julie Galloway. Fried Frank Harris Shriver & Jacobson acted for Noranda in the US with a team led by Kenneth Blackman and Angela Grinstead. Chris Morgan and Michael Smith of Skadden, Arps, Slate, Meagher & Flom LLP represented the underwriters.

Lawyer(s)

Jonathan R. Grant Christopher W. Morgan Garth (Gary) M. Girvan Kenneth R. Blackman Gabrielle M.R. Richards Michael Smith Ian C. Michael Philip S. Kurtz

Firm(s)

McCarthy Tétrault LLP Skadden, Arps, Slate, Meagher & Flom LLP Fried, Frank, Harris, Shriver & Jacobson LLP