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May 19, 2000

European Union Clears Alcoa Tender Offer for Cordant

PITTSBURGH--May 19, 2000-- Alcoa Inc. and Cordant Technologies announced today that the European Union has approved Alcoa's tender offer for Cordant. The tender offer previously received clearance from U.S. antitrust authorities.

Alcoa's $57 per share cash tender offer for all of the issued and outstanding shares of Cordant will expire at 5:00 p.m. Eastern Daylight Savings Time on Friday, May 19, 2000.

Alcoa (NYSE: AA)
Cordant Technologies (NYSE: CDD)