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December 2, 2004

Alcoa Sells Alreyven to Topes Y Techos S.A.

PITTSBURGH & CARACAS, Venezuela--(BUSINESS WIRE)--Dec. 2, 2004--Alcoa (NYSE:AA) today announced the sale of Aluminum Reynolds de Venezuela, known as "Alreyven," to Topes Y Techos S.A., a Venezuelan Company. Terms of the transaction were not disclosed.

Alreyven, is a small extrusions company producing approximately 2800 tons of extrusions per year. It was acquired by Alcoa as part of the Reynolds acquisition in 2000.

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 43 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