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Alcoa Extends Tender Offer For Howmet PITTSBURGH--May 16, 2000--
Alcoa Inc. announced today that it has extended its $20 per share cash
tender offer for all of the outstanding shares of Howmet International
Inc. The tender offer, as extended, will expire at 6:00 p.m. Eastern
Daylight Savings Time on Friday, May 19, 2000. As of the close of
business on May 15, 2000, the number of shares of Howmet common stock
that had been validly tendered was 800,407, including guaranteed
Alcoa's previously announced $57 per share cash tender offer for Cordant
Technologies Inc., which owns approximately 84.6% of Howmet, is
scheduled to expire at 5:00 p.m. Eastern Daylight Savings Time on
Friday, May 19, 2000.