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September 24, 2004

Alcoa Foundation Aids Pittsburgh Area Flood Victims; Grants To American Red Cross Chapters Support Relief Efforts

PITTSBURGH--(BUSINESS WIRE)--Sept. 24, 2004--Alcoa Foundation today announced that it has awarded a total of $40,000 in grants to American Red Cross chapters in Allegheny, Armstrong, Washington and Westmoreland counties to aid victims of last week's widespread flooding caused by the remnants of Hurricane Ivan.

The grants are a part of a longstanding commitment that Alcoa and Alcoa Foundation have of providing support to victims of natural disasters in Alcoa communities worldwide. Alcoa employs more than 2,000 in the region at the Alcoa Corporate Center on Pittsburgh's North Shore and Alcoa Technical Center in Lower Burrell, Westmoreland County.

"Alcoa's roots are in Pittsburgh. Alcoa Foundation wants to help and is providing these grants to support the Red Cross as it continues to operate its shelters and begins to distribute cleanup kits to families in areas hardest hit by the flood," said Kathy Buechel, president and treasurer of Alcoa Foundation.

The American Red Cross of Southwestern Pennsylvania will receive a $20,000 Alcoa Foundation grant for aid in Allegheny and Washington counties. The chapter serves Fayette and Greene counties as well. In Westmoreland and Armstrong counties, Alcoa Foundation grants of $10,000 each will go to the Armstrong County Chapter of the American Red Cross and to the New Kensington Unit of the Chestnut Ridge Chapter of the American Red Cross.

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