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ATI Investigated By Canadian Securities Commission

ATI disclosed today that the Ontario Securities Commission has contacted the company about possible insider trading deals which occurred in 2000.
The OSC requested more information about a possible link between an announcement that ATI made on May 24, 2000 about revenue and earnings shortfalls in Q3 2000, and stock trades made by company employees -- including officers and directors -- just prior to that announcement. ATI said it is cooperating with the OSC and has appointed Paul Russo, a director who joined the ATI board in January 2002, to conduct an independent review of the concerns. Mr. Russo has retained independent professional advisors to assist him in this review.

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