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July 21, 2004

Alcoa Howmet Castings Awarded Long-Term Rolls-Royce Agreement

PITTSBURGH--(BUSINESS WIRE)--July 21, 2004--Alcoa (NYSE:AA) today announced that Alcoa Howmet Castings, the company's precision investment castings business for jet aircraft and industrial gas turbines, has signed a long-term agreement with Rolls-Royce, a leading gas turbine aero engine manufacturer, to supply investment castings for a range of civil and defence aerospace products.

The long-term agreement spans more than 80 components across Rolls-Royce's current portfolio of investment cast turbine products for the Rolls-Royce Trent 500, Trent 700, Trent 800, EJ200, RB211, T56, AE3007, 501 & 250 series of engines (R).

Alcoa Howmet Castings will continue to support Rolls-Royce engine production programs from manufacturing facilities in Exeter, UK; and Wichita Falls, Texas; Dover, New Jersey; LaPorte, Indiana and Winsted, Connecticut in the USA.

According to Michael Pepper, Alcoa Howmet Casting's vice president, Aerospace Sector, "This agreement marks a milestone. We have worked hard to deliver value and Rolls-Royce has recognized our effort by selecting us to supply cast airfoils. It is significant that the signing of this agreement coincided with a Rolls-Royce powered Airbus A340 achieving the longest-ever scheduled airline service with Singapore airlines. That record was achieved with a Trent 500(R) engine that uses parts made by Howmet."

Headquartered in Cleveland, Ohio, Howmet is the world's largest manufacturer of precision investment castings of superalloy, titanium and aluminium alloys, for jet aircraft and industrial gas turbine engines. Howmet and its affiliates operate 27 production facilities in the United States, Canada, France, Mexico, the United Kingdom and Japan.

Alcoa 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, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 120,000 employees in 42 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com

Rolls-Royce is a global company providing power on land, sea and air. Rolls-Royce operates in four global markets - civil aerospace, defence aerospace, marine and energy. Rolls-Royce now has a total of 54,000 gas turbines in service worldwide.