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July 29, 1999

Earnest J. Edwards to Retire as Alcoa Senior V.P. and Controller

PITTSBURGH--July 29, 1999-- Earnest J. Edwards, senior vice president and controller, has elected to retire at the end of 1999 after 34 years of service with Alcoa. Mr. Edwards, born in Pamplin, Virginia, began his career with Alcoa as a controllership trainee at Cleveland, Ohio Works after serving four years as an officer in the United States Air Force.

He is an accounting graduate of Virginia State University and received his MBA from Duquesne University.

He has held various accounting and finance positions in Cleveland, Los Angeles and Pittsburgh. In 1977, he was named controller of the Forging Division in Cleveland, returning to Pittsburgh in 1979 as controller of the Flat Rolled Products Division. Two years later, he was named general manager of Alcoa Management Information Systems, the company's information technology group. Mr. Edwards was elected corporate controller in 1982, vice president in 1984 and senior vice president in 1997. Among his many contributions was the reengineering and restructuring of the controllership functions throughout Alcoa. This led to a significantly more efficient and effective Finance organization and enabling Alcoa to become one of the first of the Dow 30 to report quarterly earnings.

Mr. Edwards serves on the Board of Trustees of LaRoche College and is a director of the Alcoa Foundation. He is a member of the Financial Executives Institute (FEI) and a former chairman of its Committee on Corporate Reporting. He is a member of the Institute of Management Accountants, the National Association of Black Accountants and the Executive Leadership Council.