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October 5, 2004

Alcoa Selected to Provide Spaceframe for Ferrari F430; Continues Collaboration between Two Companies

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Oct. 5, 2004--Alcoa (NYSE:AA) announced today that it has been selected by Ferrari to supply the spaceframe for the coming F-430. The F-430 will replace the 360 Modena and will establish new standards for the performance of automotive aluminum structures. It will also continue the close cooperative relationship between Ferrari and Alcoa that began with the debut of the 360 Modena in 1999.

"Alcoa is very excited about working with Ferrari on the F430. This continues collaboration between our two companies that has already produced two of the most exciting sports cars in the world ... the 360 Modena and 612 Scaglietti. We are dedicated to making sure the F430 will continue to give Ferrari the aluminum structural technology necessary for them to meet their goals of combining scintillating performance with superb passenger safety and comfort," according to Misha Riveros-Jacobson, president of Alcoa Advanced Transportation Systems (AATS).

The AATS spaceframe manufacturing facility is co-located within the Ferrari plant in Modena, Italy.

About Alcoa Automotive

Alcoa automotive products are designed to enhance driving experience by improving a vehicle's performance, comfort and convenience, safety and styling. Alcoa's automotive products also have helped customers create revolutionary advances that have successfully repositioned entire brands. Easier opening and closing, electronic distribution systems, improved functionality, better visibility, reduced squeaks and rattles and more interior room are benefits car makers gain from Alcoa's innovative automotive products. In addition, many of the safest autos in the world feature Alcoa products in their crash management systems and crumple zones, side-impact beams and engine cradles. Alcoa automotive products also offer customers the opportunity to differentiate their products with fresh design and eye-catching appeal

About Alcoa

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