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October 8, 2004

Alcoa Unions in Wenatchee Vote To Accept Agreement; Company to Begin Re-Start Efforts at Idle Facility

PITTSBURGH--(BUSINESS WIRE)--Oct. 8, 2004--Alcoa (NYSE:AA) today announced that workers at its idled Wenatchee, WA aluminum smelter, represented by the United Steelworkers of America (USWA) and the Aluminum Trades Council of Wenatchee, Washington, voted to accept a labor agreement that will save the jobs of approximately 400 workers.

The agreement was approved last night. Alcoa is taking immediate steps to restart the smelter, which has been idled since July 2001. Two of the four lines at the smelter are expected to be restarted, based on availability of acceptable power contracts. The ramp-up to two lines is expected to be completed by mid-2005.

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