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May 11, 2000

Alcoa Appoints Credit Suisse First Boston as Advisor on Sale of Reynolds Assets

PITTSBURGH--May 11, 2000-- Alcoa announced today that it has appointed Credit Suisse First Boston to advise and assist in the sale of assets being divested as a result of the consent decrees associated with the Reynolds merger. The assets to be sold are: a 56% interest in the Worsley alumina refinery in Australia; the Sherwin alumina refinery in Corpus Christi, Texas; a 50% share in the Stade refinery in Germany; and a share in the Longview smelter in Washington state.

Editorial Contact:
Joyce A. Saltzman
1 412 553 4467

Investor Relations:
Randall J. Killeen
1 412 553 2231

Alcoa Inc. (NYSE: AA)