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February 13, 2001

Alcoa Curtails Production At Longview in Preparation of Sale

PITTSBURGH--February 13, 2001-- Alcoa Inc. announced today that it is curtailing 70,000 metric tons per year (mtpy) of aluminum smelting production at its 204,000-mtpy Longview, Wash., facility effective immediately. Power made available due to the curtailment will be sold back to Bonneville Power Administration to help meet energy demand in the region.

The decision to curtail production is in preparation for completing the previously announced sale of Longview to Michigan Avenue Partners. Alcoa is required to sell an interest in Longview as a condition of the European Union approval of Alcoa's acquisition of Reynolds Metals Company. The sale, which was announced last December, is expected to close before the end of February.

Founded in 1888, Alcoa serves customers worldwide in the aluminum, packaging, automotive, aerospace, consumer products, construction and other markets with a wide variety of fabricated and finished products.

Editorial Contact:
Bonita A. Cersosimo

Investor Relations Contact:
Charles D. McLane