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December 14, 1999

Alcoa Plans to Acquire SMS Building in Pittsburgh

PITTSBURGH, Pa.--December 14, 1999-- Alcoa announced today that it has an agreement in principle with SMS Demag to acquire the five-year-old SMS building located at 100 Sandusky Street, across the street from the Alcoa Corporate Center on the Northshore. Terms were not disclosed.

Alcoa plans to move the majority of its information technology and business support service organizations currently housed in offices in Allegheny Center to the 80,000-square-foot facility by December 2000.

Alcoa is the world's largest producer of primary aluminum, fabricated aluminum and alumina.