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November 20, 2000

Alcoa To Acquire Midwest Fastener Corporation

PITTSBURGH--November 20, 2000-- Alcoa Inc. today announced that it has agreed to acquire the assets of Midwest Fastener Corporation, a privately held company with manufacturing locations in South Holland, Illinois, and Valparaiso, Indiana.

The price was not disclosed. The purchase will be free of debt and long-term liabilities and is conditioned on regulatory approvals, including expiration of applicable waiting periods and other customary conditions. The acquisition is expected to be completed before the end of January 2001.

Midwest Fastener has annual sales of approximately $55 million and 295 employees. Its product line is complementary with Alcoa's growing automotive fastener business. Midwest Fasteners will be part of Alcoa's Huck Fastener business.

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina. It provides customers in the packaging, automotive, aerospace, construction and other markets with a variety of fabricated and finished products. Alcoa has over 300 operating locations in 36 countries.

NYSE (AA)

Editorial Contact:
Joyce A. Saltzman
412-553-4467

Investor Relations:
Charles D. McLane
412-553-2231