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June 30, 2004

Reynolds Consumer Products and Presto Products Voted ''Best in Class'' by Retail Community

PITTSBURGH--(BUSINESS WIRE)--June 30, 2004--Alcoa (NYSE:AA) announced today that two of its businesses within its Alcoa Consumer Products business unit -- Reynolds Consumer Products and Presto Products -- were the recipients of the 2004 Category Colonel award by PLBuyer magazine, the leading publication for the private label market. Reynolds Consumer Products was recognized for its private label aluminum foil, and Presto Products for its private label food and trash bags. The two businesses were selected by the publication's retail readers from every segment of the industry including food, drug and grocery as "Best in Class." This is the third consecutive year that Presto Products was acknowledged with this award, and the second year in a row that Reynolds Consumer Products was honored.

Winners are selected by retail readers as epitomizing excellence in private label partnership. Those honored exhibit an overall commitment to private label product quality, knowledge of the industry, and partnering with retailers to drive store brand volume, profits and competitive differentiation, suppliers who take the term "win-win" to new levels.

"This is a distinctive honor for Alcoa Consumer Products as it is awarded in all actuality by retailers across the country. We strive to satisfy our customers, and we're delighted to see our efforts are valued by them," said Ruth Mack, President of Alcoa Consumer Products.

Alcoa Consumer Products is a global leader in the consumer packaged goods industry, supplying high quality and trusted foil, film and paper products to the retail and foodservice sectors. Within Alcoa Consumer Products, there are four businesses that globally manufacture and market branded and private label products. Reynolds Consumer Products is home to many well-recognized brands such as Reynolds Wrap(R) Aluminum Foil, Reynolds(R) Plastic Wrap and Reynolds(R) Cut-Rite(R) Wax Paper. Other businesses include Presto Products Company, North America's largest private label plastics company, Baco Consumer Products, the leading supplier of household wraps and bags in the U.K., and Reyco, a South American manufacturer and marketer of consumer and foodservice packaging products.

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina and is active in all major aspects of the industry. In addition to aluminum products and components, Alcoa also makes and markets many consumer products including Reynolds Wrap(R), Alcoa(R) wheels and Baco(R) household wraps. Alcoa has 120,000 employees in 41 countries.