November 13, 2008

Patricia F. Russo Appointed to Alcoa Board of Directors

Alcoa announced today that its board of directors has appointed Patricia F. Russo, 56, a director of the company effective immediately. Ms. Russo is the former chief executive officer of Alcatel-Lucent, the world's leading communication solutions provider formed in 2006 by the merger of Alcatel in France and Lucent in the U.S. Prior to the combination of Alcatel and Lucent, she was Chairman and Chief Executive Officer of Lucent. She will stand for re-election at the next shareholders meeting in May 2009.

Alcoa to Curtail Additional 350,000 mtpy of Aluminum Production Across Its Global Smelting System

Alcoa today announced it will curtail an additional 350,000 metric tons per year (mtpy) of aluminum production beginning immediately. Last month the Company curtailed production at its 265,000 mtpy smelter in Rockdale, Texas. Combined, the Company’s curtailment efforts in the second half of this year total 15 percent of the Company’s annualized output, or 615,000 mtpy. The additional curtailments are necessary because of lower end-market demand and global economic softness. The curtailments follow targeted cost-reduction initiatives and will be spread across the company’s global system. This approach will minimize the costs associated with wholesale plant shutdowns and re-starts and the impact on plant communities.

Shining Prospect's Rio Shares Transferred

Alcoa today announced the shares held in Rio Tinto plc by Alcoa and Chinalco, which were held under a custodian agreement with Lehman Brothers International Europe, have been transferred to a new custodian acting on behalf of Shining Prospect. Shining Prospect is the special purpose vehicle used by the parties to purchase the shares.

Alcoa today announced it will reduce production at its Point Comfort, Texas alumina refinery by approximately 25 percent, or a reduction of approximately 550,000 metric tons per year, by the end of November. As a result of the curtailment at Point Comfort, the workforce will be adjusted accordingly, with the majority of the impact on contractors at the refinery. Costs for the curtailment will not be material.

October 10, 2008

Alcoa Signs Power MOU with Bonneville Power Administration

Alcoa today announced it has signed a Memorandum of Understanding (MOU) with Bonneville Power Administration (BPA) for a power contract to supply its Alcoa Intalco Works (Ferndale, Washington) aluminum smelter through 2028. The MOU provides the framework for a contract which would begin in October 2011. It would provide up to 240MW of direct power sales, enough to operate the facility at 50% capacity, contingent upon BPA acquiring additional power to augment the NW power system, within certain threshold price levels.

October 07, 2008

Alcoa Reports Third Quarter 2008 Results; Taking Action to Preserve Profitability, Liquidity Through the Downturn

Revenues for the quarter were $7.2 billion, down slightly from $7.6 billion in the second quarter of 2008 due to lower metal prices, seasonal downturns in Europe, and weak end markets, particularly the automotive sector. Revenues in the third quarter 2007 were $6.5 billion after excluding the divested businesses. While, third quarter net income of $268 million, or $0.33 per diluted share. The results include a previously announced $31 million after-tax charge, or $0.04 per share, for the temporary curtailment of the Rockdale, TX aluminum smelter. The negative impact of currency translation on a sequential basis was $52 million, or $0.06 per share.

October 01, 2008

Alcoa Celebrates 120 Years of Innovation

Alcoa the company that created the modern aluminum industry, today marked its 120th anniversary with the launch of a website (www.alcoa.com/history) celebrating the Company’s progress since October 1, 1888, the day it was incorporated as The Pittsburgh Reduction Company in Pittsburgh, PA.

September 29, 2008

Alcoa Named to Climate Disclosure Leadership Index for Sixth Consecutive Year; Commended on Quality of Climate Change Disclosure Practice

Alcoa announced today that it has been named to the Carbon Disclosure Project (CDP) Carbon Disclosure Leadership Index for the sixth consecutive year. This index, a key component of CDP’s annual Global 500 Report, highlights companies within the FTSE Global 500 Index that have displayed the most proficient approach to corporate governance in regards to climate change disclosure practices.

September 25, 2008

Alcoa Board Elects Kurt Waldo Vice President and General Counsel; Alcoa Executives Jake Siewert and Bill O'Rourke Take New Roles

Alcoa announced today that the Alcoa Board of Directors has elected Kurt Waldo, 53, as Vice President and General Counsel, responsible for leading Alcoa’s global legal team. He had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition and divestiture practice areas. Alcoa also announced that Jake Siewert, 44, has been named Vice President, Business Development and Public Strategy. In addition, William J. (Bill) O’Rourke, 60, will become Vice President for Sustainability and Environment, Health and Safety.

September 19, 2008

Alcoa Announces Dividend

The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 17 cents per share payable November 25, 2008 to shareholders of record at the close of business on November 7, 2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable January 1, 2009 to shareholders of record at the close of business on December 12, 2008.

September 11, 2008

Alcoa Plays Part in Nobel Peace Prize on Climate Change

Alcoa announced today that four of its employees played a part in the United Nations Organization’s Intergovernmental Panel on Climate Change’s (IPCC) win of the Nobel Peace Prize in 2007. The IPCC, based in Switzerland, was awarded the Nobel Peace Prize for its efforts to build up and disseminate greater knowledge about man-made climate change and to lay the foundations for the measures that are needed to counteract such change. The IPCC jointly shared the prize with former U.S. Vice President Al Gore, Jr.

August 22, 2008

Alcoa Sets Dates for Employee Layoffs at Rockdale Smelter Due to Local Power Issues

Alcoa today said it has set dates for the layoff of approximately 300 employees at its Rockdale, Texas, aluminum smelter where the company has idled half of its production. In addition, approximately 100 contract employees will be affected. The plant was partially shut in June 2008 because of ongoing supply issues with Luminant’s onsite power generating unit, Sandow Unit 4, which have exposed the plant to uneconomical power prices.

July 18, 2008

Alcoa Announces Dividend

The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 17 cents per share payable August 25, 2008 to shareholders of record at the close of business on August 8, 2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable October 1, 2008 to shareholders of record at the close of business on September 12, 2008.

July 15, 2008

Alcoa Reaches New Renewable Power Deal for Wenatchee, WA Smelter

Alcoa today announced it has reached agreement with the Chelan PUD on a new, clean-energy hydropower contract to supply its Wenatchee, Washington aluminum smelter through 2028. The new contract, which begins in 2011, will provide enough energy to enable the start-up of a third potline at the smelter in 2012.

July 08, 2008

Alcoa Reports Strong 2nd Quarter 2008 Results; Higher Volume and Pricing Offset Input Cost Pressures

Alcoa today announced that strong revenue growth in its second quarter 2008 led to an 80 percent increase in profitability compared with the first quarter of 2008. The Company reported net income of $546 million, or $0.66 per diluted share compared with $303 million or $0.37 per share in first quarter 2008. Higher input costs impacting the entire aluminum industry were offset by higher volume and stronger pricing. Net income in the second quarter of 2007 was $715 million or $0.81.

June 25, 2008

Alcoa Chairman Alain Belda Elected to IBM Board of Directors

Alcoa announced today that Alcoa Chairman Alain Belda was elected to the IBM board of directors, effective July 29, 2008.

June 24, 2008

Alcoa Announces Cooperation Agreement with Vietnam on Development of Bauxite Mining and Alumina Refineries

Alcoa today announced the signing of a Cooperation Agreement with Vietnam’s premier minerals development company, Vietnam National Coal-Mineral Industries Group (Vinacomin), for cooperation in development of the aluminum industry in Vietnam. Under the agreement, Alcoa World Alumina and Chemicals (AWAC) – a global alliance between Alcoa and Alumina Ltd, with Alcoa holding 60 percent -- will conduct due diligence, on the acquisition of a 40 percent interest in the 600,000 metric tons per year Nhan Co alumina refinery that is to be constructed in Dak Nong Province in Vietnam’s Central Highlands, based on access to extensive reserves of high quality bauxite. If the transaction proceeds, the shareholding in the Joint Stock Company that owns the Nhan Co bauxite mine and alumina refinery will be Vinacomin 51%, AWAC 40% and other investors 9%.

June 10, 2008

Alcoa of Australia Declares Force Majeure

As a result of an explosion at Apache Energy's Varanus Island facility, and the disruption of gas supply to its Western Australia facilities, Alcoa of Australia today notified its customers that it was declaring force majeure under its alumina supply contracts. The extent of impacts upon its customers is yet to be determined. Alcoa of Australia is part of Alcoa World Alumina and Chemicals (AWAC) which is 60-percent owned by Alcoa Inc. (NYSE:AA), and 40-percent owned by Alumina Limited. The financial impact to Alcoa Inc.’s second quarter 2008 is expected to be between $0.02 to $0.03 per share.

May 12, 2008

Alcoa Electrical and Electronic Solutions to Close Operations in Puebla, Mexico and Del Rio, Texas

Alcoa today announced that its Alcoa Electrical and Electronics Solutions business will close its operations in Puebla, Mexico and its warehouse in Del Rio, Texas during the third quarter of 2008. This decision is necessary due to lower production demand and a change in logistics processes. The restructuring will result in the permanent reduction of about 65 associates in Del Rio and approximately 1,400 in Puebla. The charges related to the restructurings were previously reported by Alcoa.

May 08, 2008

Alcoa Board Elects Klaus Kleinfeld President and CEO

Alcoa's Board of Directors has elected Klaus Kleinfeld, 50, President and Chief Executive Officer of the Company. He succeeds Alain Belda, 64, as CEO. Mr. Belda will continue as Chairman of the Board.

April 07, 2008

Alcoa Reports Strong First Quarter 2008 Results In Face of Challenging Economic Conditions

Alcoa today announced first quarter 2008 income from continuing operations of $303 million, or $0.37 per diluted share, versus $624 million, or $0.74 per share in the fourth quarter of 2007. Excluding restructuring and tax impacts, income from continuing operations was $361 million or $0.44 per share, up 20 percent on a comparable basis from the prior quarter, which included a favorable restructuring adjustment and tax benefits totaling $323 million or $0.38 per share. First quarter 2007 income from continuing operations excluding restructuring and tax impacts was $691 million, or $0.79.

March 28, 2008

Donna Dabney Elected Alcoa Vice President

Alcoa announced today that its Board of Directors has elected Donna Dabney a vice president of the corporation. She has served as Alcoa Corporate Secretary since joining the company in 2000, except for a short period in 2004 when she was group counsel for Alcoa’s former packaging and consumer business.

March 14, 2008
Alcoa Announces Dividend

The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 17 cents per share payable May 25, 2008 to shareholders of record at the close of business on May 2, 2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable July 1, 2008 to shareholders of record at the close of business on June 13, 2008.

March 12, 2008

Alcoa Acquires Two Aerospace Fastener Businesses to Bolster its Growing Aerospace Portfolio

Alcoa Inc. announced today it has acquired Republic Fastener Manufacturing Corporation (“Republic”) and Van Petty Manufacturing (“Van Petty”) from The Wood Family Trust. The two aerospace fastener manufacturing businesses are located in Newbury Park, California, and employ a combined 240 people. Their products include a variety of specialized aerospace fasteners. The two businesses had combined 2007 revenues of $51 million.

March 04, 2008

Alcoa, Government of Quebec Reach New Renewable Power Agreement for Three Smelters in Province

Alcoa today announced it has reached an agreement with the government of Quebec on a new, renewable energy contract to supply all three of the Company’s aluminum smelters in the province – Baie Comeau, Becancour (ABI), and Deschambault through the year 2040 and enabling Alcoa to invest $1.2 billion to upgrade and expand Baie Comeau production to 548,000 metric tons per year (mtpy).

February 29, 2008

Alcoa Completes Sale of Packaging and Consumer Businesses to New Zealand's Rank Group

Alcoa today announced it has completed the sale of its packaging and consumer businesses to New Zealand’s Rank Group Limited. Alcoa received approximately $2.5 billion in cash from Rank in the sale. An additional approximately $200 million is expected by April 2008 when regulatory and other approvals are received for a small number of facilities. Lehman Brothers acted as financial advisor to Alcoa on this transaction.

February 01, 2008

Alcoa Inc. Partners with Chinalco to Acquire a 12% Stake in Rio Tinto

Alcoa Inc. announced today that it is partnering with Aluminum Corporation of China (“Chinalco”) to acquire 12 percent of the UK common stock of Rio Tinto plc. Alcoa will contribute up to $1.2 billion to the total investment.

November 18, 2008

Alcoa Features Aluminum Solutions for Building and Construction Industry at Greenbuild 2008

Alcoa announced today that it is featuring numerous examples of how green buildings start with Alcoa aluminum at the Greenbuild International Conference and Expo, which starts today in Boston. Alcoa’s formula for sustainability, which includes information on the company’s sustainability framework, and its business, community, global, and green building solutions is featured. Also highlighted is how aluminum factors in the cradle-to-cradle concept of eliminating all waste, because of the metal’s ability to “close the loop.” In addition, visitors will see examples of buildings that exemplify the many qualities of aluminum that make it an excellent building material including lightweight, formability, corrosion resistance, and its aesthetic appeal, and they will also have the opportunity to view green credentials Alcoa has achieved as a leader in sustainability.

Alcoa Launches Three New Wheel Lines for Full Size Trucks

Alcoa Automotive Wheels, a Cleveland, Ohio-based business of Alcoa , today announced the expansion of their aftermarket catalog to include three new wheel lines for full size trucks. Alcoa, a leading supplier of wheels to the commercial vehicle, heavy truck, light truck and passenger car markets since inventing the forged aluminum wheel in 1948, now offers Discovery Series, Revolver Series and Xtreme Series for current and late model full size trucks, including Chevrolet and GMC 2500/3500, Dodge 2500/3500 and Ford F-250/350

Alcoa Wheel and Transportation Products New Retro Wheel Stands the Test of Time

Alcoa Wheel and Transportation Products, a Cleveland, Ohio-based business unit of Alcoa Inc. has introduced a new wheel with a “retro” look to celebrate 60 years of innovation and technology.The new Retro Wheel incorporates styling from the past with innovation from today’s technology