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July 16, 2004

Alcoa Foundation Funds Malaria Prevention Program in Guinea

PITTSBURGH--(BUSINESS WIRE)--July 16, 2004--Alcoa Foundation today announced it has invested $200,000 in a two-year program implemented by Population Services International (PSI) to fight malaria in Boke prefecture in Guinea. The Alcoa Foundation grant will be used to launch a campaign to train healthcare workers in malaria prevention and to distribute subsidized, insecticide-treated bed-nets. Malaria infection is the number one cause of low birth weight in children and death for children under five. It is also a major cause of lost workdays and diminished productivity for the Guinean economy.

Since 2001, Alcoa Foundation has invested $707,786 to improve the quality of life in Guinea by addressing major health issues affecting the population, including HIV/AIDS and malaria. With the active involvement of Alcoa management, private-public partnerships have been built with the Ministry of Health, The United States Agency for International Development (USAID) and non-governmental organizations to develop systemic and sustainable solutions. Alcoa has worked closely with NGOs like PSI and has encouraged collaborations to raise awareness on illness prevention and to strengthen the public health system's capacity to provide treatment.

PSI will collaborate with the Guinean Ministry of Health, USAID, and EngenderHealth, to link malaria prevention to other maternal and child health activities, such as child immunizations, thus broadening the scope and effectiveness of its anti-malaria efforts. USAID will match Alcoa Foundation's malaria prevention grant and will evaluate the project for further funding based on the results.

Alcoa's presence in Guinea is as managing partner of Compagnie des Bauxites de Guinee (CBG). Alcoa also holds an equity position in Halco Mining, which is a majority owner of CBG.

About Alcoa Foundation

Established in 1952, Alcoa Foundation is a global resource that actively invests in improving the quality of life in more than 32 countries around the world where Alcoa operates. The Foundation's grants address global and local needs in Areas of Excellence that include: Conservation and Sustainability, Global Education and Workplace Skills, Business and Community Partnerships and Safe and Healthy Children and Families. Alcoa Foundation manages the ACTION and Bravo! employee volunteer programs. For more information about Alcoa Foundation, visit, under Community.

About Alcoa

Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, precision castings, and electrical distribution systems for cars and trucks. The company has 120,000 employees in 41 countries. More information can be found at