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March 2, 2005

Alcoa Expands Supplier Relationship with Shanghai Aircraft of China

PITTSBURGH & CHANGZHONG ROAD, Shanghai--(BUSINESS WIRE)--March 2, 2005--Alcoa (NYSE:AA) announced today that its Global Extruded and End Products business has received a multiyear contract (2005-2009) from Chinese aircraft manufacturer Shanghai Aircraft Manufacturing Factory (SAMF) to provide aluminum extrusions for the horizontal stabilizer tail section assembly of the Boeing 737, one of the best selling commercial aircraft in aviation history. This is the second contract in China Alcoa Global Extruded and End Products received for assembly of the Boeing 737. Last December, Alcoa announced it was supplying Xian Aircraft of China with extrusions for the vertical tail assembly of the 737 from 2005 to 2007.

SAMF is a current supplier of aircraft components in support of the Boeing Commercial Airplane Group.

Alcoa will produce a total of 650,000 pounds of hard alloy aluminum extrusions a year at its Lafayette, Indiana, facility in the U.S. and at its Changwon Precision Extrusions plant in South Korea for shipment to SAMF starting immediately. China National Aero-Technology Import & Export Corporation (CATIC) will act as the import agent for SAMF under this agreement.

This new contract with SAMF extends Alcoa's supplier relationship with SAMF, as Alcoa is also a major supplier of aluminum sheet and plate and aerospace fasteners to the aircraft manufacturer.

About Alcoa Global Extruded and End Products

Alcoa Global Extruded and End Products provides aluminum extrusions for customers in the aerospace, automotive, commercial transportation, and building and construction markets. It operates as a global integrated aluminum extrusion company with locations throughout Europe, Asia, Latin America and North America. It is a global one-stop-shop for all aluminum extrusion requirements.

About SAMF

Shanghai Aircraft Manufacturing Factory (SAMF) is one of the major aircraft manufacturers and a high-tech enterprise of Shanghai, which belongs to China Aviation Industry Corporation I (AVIC I) and Shanghai Aviation Industrial (Group) Co., Ltd. Founded in 1950, SAMF has grown from aircraft repair to research and development of larger commercial aircraft to international collaboration on sub assembly and final assembly of aircraft.

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 131,000 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