Ann: Alumina and Alcoa enter into Exclusivity Deed, page-22

To keep track of the implied value of my AWC shares under the proposed transaction, for varying USD prices of Alcoa shares and varying AUD/USD exchange rates, I have prepared the simple spreadsheet below, which I am happy to share.

Implied Value of Alumina (ASX: AWC) based on Alcoa (NYSE: AA) shareprice
Basis:
28/02/2024 Announcement:-
scrip consideration of 0.02854 shares of Alcoa common stock for each Alumina share.
0.02854
AWC Implied Value in AUD
AA shareprice (USD)=>	26.00	27.00	28.00	29.00	30.00	31.00	32.00	33.00	34.00	35.00	36.00
AUD/USD rate
0.62	1.197	1.243	1.289	1.335	1.381	1.427	1.473	1.519	1.565	1.611	1.657
0.63	1.178	1.223	1.268	1.314	1.359	1.404	1.450	1.495	1.540	1.586	1.631
0.64	1.159	1.204	1.249	1.293	1.338	1.382	1.427	1.472	1.516	1.561	1.605
0.65	1.142	1.186	1.229	1.273	1.317	1.361	1.405	1.449	1.493	1.537	1.581
0.66	1.124	1.168	1.211	1.254	1.297	1.341	1.384	1.427	1.470	1.513	1.557
0.67	1.108	1.150	1.193	1.235	1.278	1.321	1.363	1.406	1.448	1.491	1.533
0.68	1.091	1.133	1.175	1.217	1.259	1.301	1.343	1.385	1.427	1.469	1.511
0.69	1.075	1.117	1.158	1.200	1.241	1.282	1.324	1.365	1.406	1.448	1.489
0.70	1.060	1.101	1.142	1.182	1.223	1.264	1.305	1.345	1.386	1.427	1.468

eg AA sp of $30 and exchange rate of 0.67c implies AUD$1.278 for each AWC share.