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January 28, 2005

Alcoa Named One of the Top Three Most Sustainable Corporations in the World

PITTSBURGH--(BUSINESS WIRE)--Jan. 28, 2005--Alcoa (NYSE:AA) today announced that it has been named one of the top three most sustainable corporations in the world during a ceremony at the World Economic Forum in Davos, Switzerland.

Alcoa, Toyota Motor and BP were recognized in the Global 100 Most Sustainable Corporations in the World for their ability to meet the "triple bottom line," a measure of value that balances the environmental, social and economic impacts of a business. This is the first year that the annual list was announced by Corporate Knights of Toronto, Canada, which publishes the world's only mainstream corporate responsibility magazine. Innovest Strategic Value Advisors Inc., an internationally recognized investment research and advisory firm, provided the data and analysis for the Global 100.

"It's an honor to see the work of Alcoans recognized globally," said Alain Belda, Alcoa Chairman and CEO. "Sustainability is not new to us, although we may not have always used the term. For years we have been using our Values as a guide while striving for excellence with a focus on better understanding and managing our economic, social and environmental impacts with our communities.

"Our Values require us to think and act not only on the present challenges, but also with the legacy in mind that we leave for those who will come after us... as well as the commitments made by those that came before us," said Belda. "We think of it in terms of a relay race, where each one of us adds value today and long-term for all shareholders, Alcoans and the communities in which we operate. We appreciate the recognition of this work and our ability to combine financial performance with social and environmental stewardship."

Alcoa was named to the list after being selected from Innovest's broad research database covering more than 2,000 companies mostly reflecting the large global indices such as MSCI World, S&P 500, FTSE 350 and Eurostoxx. Alcoa, Toyota and BP had the highest Innovest scores and ratings overall.

"Companies' performance on environmental, social, and strategic governance issues is having a rapidly-growing impact on their competitiveness, profitability, and share price performance," said Dr. Mathew Kiernan, Chief Executive of Innovest. "We at Innovest congratulate the Top 100 sustainability companies; we consider each of them to be particularly well positioned to capture opportunities in this new world we are all entering."

"All companies may be created equal, but not all are the same," said Toby A.A. Heaps, Editor of Corporate Knights. "The Global 100 sets out in one crisp list the best all-around global companies, the ones most likely to be led and lead the way to a better world."

The World Economic Forum, a global community of business, political, intellectual and other leaders committed to improving the state of the world, is an independent international organization that has NGO consultative status with the Economic and Social Council of the United Nations.

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 119,000 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.