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ACQUISITIVE INVESTMENTS LIMITED REPORTS HOLDINGS OF COMMON SHARES OF GLOBAL ALUMINA CORPORATION

On Nov. 21, 2012, Acquisitive Investments Ltd. acquired six million common shares of Global Alumina Corp. at a price of approximately 14 cents per common share. The total cash consideration paid by Acquisitive Investments for the six million common shares was $840,000 (U.S.) ($838,320 based on the Bank of Canada nominal noon exchange rate for Nov. 21, 2012).

Immediately following completion of the transaction, Acquisitive Investments had ownership and control over 21 million common shares or approximately 11.5 per cent of the common shares outstanding at such time.

For purposes of calculating the percentages of common shares owned by Acquisitive Investments, Acquisitive Investments has assumed that there were 183,331,495 common shares outstanding as of Nov. 21, 2012, as disclosed by Global Alumina in its management's discussion and analysis for the three- and nine-month periods ended Sept. 30, 2012, a copy of which was filed and is available on SEDAR.

Other information

Acquisitive Investments acquired ownership and control of the common shares that are the subject of this press release for investment purposes.

Acquisitive Investments intends to review its investment in Global Alumina on a continuing basis.

Depending on various factors including, without limitation, Global Alumina's financial position, the price levels of the common shares, conditions in the securities markets, and general economic and industry conditions, Acquisitive Investments' business or financial condition, and other factors and conditions it deems appropriate, Acquisitive Investments may in the future take such actions with respect to its investment in Global Alumina as Acquisitive Investments deems appropriate including, without limitation, making proposals to Global Alumina concerning changes to the capitalization, board of directors, ownership structure or operations of Global Alumina, acquiring additional common shares, and/or selling or otherwise disposing of some or all of its common shares.

In addition, Acquisitive Investments may formulate other purposes, plans or proposals regarding Global Alumina or any of Global Alumina's securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change its intention with respect to any and all matters referred to in this press release.