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October 15, 1998

Alcoa Announces Environment, Health and Safety Achievement Awards

PITTSBURGH--October 15, 1998-- Alcoa announced today six achievement awards for outstanding accomplishment in Environment, Health and Safety. The recipients are being recognized for outstanding environmental, health and safety performance within the company's 250 operating locations and 30 countries worldwide.

The winners are:

Alcoa Engineered Products for development and deployment of a comprehensive and sophisticated risk assessment process designed to dramatically reduce the likelihood of events that can cause fatalities. Alcoa's Engineered Products business unit produces extrusion and tube products for a variety of uses.

Alcoa Fujikura Ltd.'s (AFL) North American Automotive Operations is recognized for the speedy and effective integration of environment, health and safety management systems into the business activities of 22 newly acquired Electro-Wire manufacturing locations in North America. AFL produces electrical components and specialty fiber-optic products for the automotive and telecommunications markets.

Alcoa Manufacturing (G.B.) Limited in Swansea, Wales received an award for a training program which has dramatically changed attitudes towards hearing conservation and protection. Swansea produces both aluminum extrusions and tube and sheet and plate products.

Alcoa's Pt. Comfort, Texas, alumina refinery is recognized for implementation of a safety management process that has resulted in significant improvements in the location's safety awareness and performance. Work days lost to injury at the refinery have been reduced from 400 per year to only four in 1997.

The Maximum Achievable Control Technology team with representatives from locations throughout the U.S. was recognized for seven years of cooperative work with the EPA who will see significant reductions in particulate and fluoride emissions from Alcoa's U.S. aluminum smelters while saving the company US$120 million in capital expenditures and US$1 million in operating costs each year.

The Pt. Henry smelter in Australia is recognized for an extensive wetlands management program which has created habitat for wildlife, including rare and endangered migratory birds, improved water quality management practices, and, as a result eliminated exceedances of the smelter's EPA water quality license.

Alcoa's Environmental, Health and Safety Achievement Awards are designed to recognize, support and encourage outstanding efforts to improve environmental, health and safety performance. They are amongst the highest honors that can be earned within the company.

Alcoa is the world's largest producer of aluminum and alumina and a major participant in all segments of the industry: mining, refining, smelting, fabricating and recycling.