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July 20, 1999

Ronald D. Dickel Joins Alcoa As Vice President Tax; Christopher J. Lynch Elected Vice President and CIO

PITTSBURGH--July 20, 1999-- Alcoa's Board of Directors elected Ronald D. Dickel, 39, vice president of tax and Christopher J. Lynch, 45, vice president and chief information officer. Mr. Dickel joined Alcoa in this new position with responsibility for tax planning, and tax policies and procedures for Alcoa worldwide. Mr. Lynch will guide the strategic direction and integration of Alcoa's global information systems.

Biographical information follows:

Ronald D. Dickel
Ronald D. Dickel had been executive director of international tax for Sara Lee Corporation located in Chicago, Illinois, where he was responsible for U.S. and foreign tax matters at Sara Lee's foreign subsidiaries, including tax planning for acquisitions, dispositions, foreign tax credits and financing.

During his nine-year career at Sara Lee, he also directed U.S. and foreign tax matters for the company's Branded Apparel operations in Europe, Australia and South Africa while based in Paris. Earlier, he was responsible for U.S. tax matters at Sara Lee/DE N.V., a subsidiary located in the Netherlands.

While at Sara Lee, Mr. Dickel was Adjunct Professor at The John Marshall Law School in Chicago, where he taught Taxation of Foreign Income in the college's master of law program. From 1985 until 1990, he served as a tax associate at the law firm of Skadden, Arps, Slate, Meagher & Flom in Chicago.

Mr. Dickel graduated in 1982 from the University of Iowa with a degree in business administration. He received his Juris Doctor degree in 1985 from Northwestern University School of Law in Chicago. He is a member of the Illinois, American and Chicago Bar Associations, as well as a member of the International Fiscal Association.

Christopher J. Lynch
Christopher J. Lynch is responsible for Alcoa's global information technology organization. His most recent position was chief financial officer for Alcoa Europe, one of Alcoa's 24 business units.

Mr. Lynch joined Alcoa at its Point Henry facility in Victoria, Australia, in 1979 as an accountant. Mr. Lynch held a series of financial management positions in Point Henry, Melbourne and Perth, Australia until 1992 when he was named manager, Financial Risk and Treasury Operations at Alcoa's corporate office in Pittsburgh, Pennsylvania. Two years later, Mr. Lynch returned to Australia as general manager, Rolled Products. In 1995, Mr. Lynch was appointed managing director of Kaal Australia, Pty. Limited, a 50/50 joint venture between Kobe Steel of Japan and Alcoa, which produces rolled aluminum products. In 1997 he assumed his most recent position as chief financial officer for Alcoa Europe based in Lausanne, Switzerland.

Mr. Lynch received a bachelor's degree in business in 1976 and an M.B.A. degree in 1984 from Deakin University in Australia. He is a Fellow of the Australian Society of CPAs.