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May 27, 2005

Ricardo Belda to Oversee Alcoa Global Extrusions Business

NEW YORK--(BUSINESS WIRE)--May 27, 2005--Alcoa announced today that Alcoa Executive Vice President Ricardo Belda, 60, will oversee the Company's Global Extruded and End Products business. He succeeds Mario Longhi, 51, who has resigned from Alcoa to pursue an opportunity at another company. Ric Belda will continue to serve as President of the European Region for Alcoa and will also continue to direct the integration of the newly acquired Russian fabricating facilities into the company.

In making the announcement, Alcoa Chairman and CEO Alain Belda said, "Ric's extensive business operating experience and international perspective are ideal qualities to help Alcoa's extrusion business continue its global growth. We are sorry to see Mario leave, but our strong management team will ensure a smooth transition."

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