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September 10, 2004

Alcoa Foundation Aids Victims of Tropical Storm Gaston

PITTSBURGH--(BUSINESS WIRE)--Sept. 10, 2004--Alcoa Foundation today announced that it has awarded a $25,000 grant to the American Red Cross chapter in Richmond, Va. to aid victims of widespread flooding caused by Tropical Storm Gaston, which dumped more than a foot of rain on the region within a few hours on August 30 and claimed the lives of eight people. Alcoa and Alcoa Foundation are committed to providing disaster relief in Alcoa communities worldwide.

Alcoa employs nearly 1,100 people in the Greater Richmond area at its eight operating locations. The region serves as the headquarters for Alcoa Consumer Products and Alcoa Flexible Packaging and is home to two Southern Graphics Systems locations, TICS Corp. and AFL Network Services. Alcoa Consumer Products, Alcoa Flexible Packaging and Southern Graphics Systems work hand-in-hand to serve all aspects of the packaging business including the pharmaceutical, medical, food and beverage, and industrial markets as well as direct consumer business. AFL Network Services and TICS Corp. are Alcoa-owned businesses that serve the telecommunications industry.

"Whenever a natural disaster strikes, communities worldwide count on the Red Cross to be there," said Liz Fessenden, President of Alcoa Flexible Packaging, based in Richmond. "Through this grant, Alcoa Foundation will help the Greater Richmond area while maintaining our commitment to provide support to Alcoa communities worldwide."

The effects of Tropical Storm Gaston caused Virginia Governor Mark Warner to declare a state of emergency in the area as the flood closed down roads, knocked out electricity and left countless homes and businesses uninhabitable. In response to the damage, the American Red Cross, Greater Richmond Chapter opened a relief operation with a staff of 90 specially-trained disaster volunteers and 14 professionals who are operating shelters, providing temporary housing, serving meals and handling calls for assistance. The Alcoa Foundation grant will help defray the costs of these relief efforts.

About Alcoa Foundation

In 2003, Alcoa Foundation made $15 million in grants around the world. Communities where Alcoa has a presence are the primary focus of its grantmaking programs. Through disaster relief grants and employee engagement initiatives like ACTION and Bravo!, additional resources are made available to our communities. 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. For more information about Alcoa Foundation, visit www.alcoa.com, under Community.

About Alcoa

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina, 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 41 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