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October 19, 2004

Alcoa Assists in Construction of 2006 Winter Olympic Stadium in Italy

PITTSBURGH--(BUSINESS WIRE)--Oct. 19, 2004--Alcoa (NYSE:AA) announced today that its REYNOBOND(R) brush finish will be instrumental in the renovation of the historic Palavela in Turin, Italy as it is converted into an Olympic Stadium for the 2006 Winter Olympic Games.

Built for the 100-year anniversary of the unification of Italy in 1961, the Palavela is being re-designed by prominent Italian architect Gae Aulenti, who chose REYNOBOND(R) out of a pool of other materials. Aulenti sought a revolutionary system that offered high-quality sound and vibration absorption as well as a natural appearance to cover the unique ceiling of the Palavela.

During the renovation process, the Palavela's distinctive external design - a sail-shaped roof fixed to the ground at three points - will be preserved and will be the site of the figure skating and short-track speed skating competitions during the 2006 Winter Olympics.

Alcoa Architectural Products in Merxheim, France collaborated with Alcoa Mill Products in Lancaster, Pa. to develop the REYNOBOND(R) brush finish and ship it to CCI Eurolam to meet the architect's deadline. Approximately 14,000 square meters (sqm) of REYNOBOND(R) brush finish will be used on the project.

REYNOBOND(R), an aluminum composite material, is used around the world in a wide range of architectural and specialty applications. REYNOBOND(R) ACM consists of two sheets of corrosion resistant aluminum permanently bonded to an extruded thermoplastic core. The result is an extraordinarily flat, strong and highly formable material suitable for a multitude of exterior and interior applications.

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