Form: SC TO-I

Tender offer statement by Issuer

FORM OF STOCK POWER

Published on



EXHIBIT D4

FORM OF STOCK POWER


FOR VALUE RECEIVED, hereby sells, assigns and
transfers unto _________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
_________________(____________) Shares of the common stock of Kaiser Aluminum
Corporation standing in my name on the books of said Corporation represented by
Certificate(s) No(s). ____________________ herewith, and do hereby irrevocably
constitute and appoint _______________________________________________ attorney
to transfer the said stock on the books of said Corporation with full power of
substitution in the premises.

Dated:
---------------------------- -----------------------------------------
Authorized signature

D4-1