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August 17, 2004

USWA Team to Study Grievances from Four Alcoa Plants; Alcoa and USWA to Work Together for Resolution

PITTSBURGH--(BUSINESS WIRE)--Aug. 17, 2004--Alcoa (NYSE:AA) and the United Steelworks of America Union (USWA) jointly announced today that the USWA will immediately compose a team of members of the international union to review the grievances outlined by four Alcoa U.S. operating facilities.

Union members at Alcoa plants in Alcoa, Tennessee; Evansville, Indiana; Rockdale, Texas; and Davenport, Iowa each asked for five days of talks with Alcoa management in July regarding grievances primarily involving subcontracting. The plants continue to operate as usual, meeting customer requirements.

The USWA-sponsored team will review the grievances from the four facilities to determine common concerns and issues.

Subsequently, following the USWA team assessment, senior level representatives from Alcoa and the USWA will meet to jointly discuss possible resolutions. This meeting will take place no later than September 15, 2004.

During this period, the five-day talk notices will be on hold with no meetings scheduled. If Alcoa and the union are unable to reach agreement on the issues, the local union at each of the Alcoa plants can resume the normal process of five-day notices.