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August 2, 2005

Jon Erik Reinhardsen Joins Alcoa as President, Primary Growth

NEW YORK--(BUSINESS WIRE)--Aug. 2, 2005--Alcoa (NYSE:AA) announced today that Jon Erik Reinhardsen, 48, has joined the company as President, Primary Growth. He succeeds Mike Baltzell, 56, who will retire September 1, 2005.

Mr. Reinhardsen most recently was Group Executive Vice President of the Norwegian based Aker Kvaerner ASA, an international contractor within the oil, gas, chemical and polymers industry.

"We are pleased to welcome Jon Erik to Alcoa. His extensive international management experience along with his project and construction management expertise are key attributes as we continue to strengthen our asset base in the primary metals and alumina businesses," said Bernt Reitan, Executive Vice President, Alcoa and Group President Global Primary Products.

Biographical information on Mr. Reinhardsen follows:

Jon Erik Reinhardsen has nearly 25 years experience in executive management positions in various Aker Kvaerner businesses. Prior to joining Alcoa, he was Group Executive Vice President of Aker Kvaerner located in Houston, Texas, where he was responsible for all contracting operations outside of Europe and product businesses worldwide. Aker Kvaerner's businesses comprise several industries, including Oil and Gas, Refining and Chemicals, Mining and Metals, Pharmaceutical and Biotechnology, Power Generation, and Pulp and Paper. He formerly was deputy chief executive officer and executive vice president of Aker Kvaerner Oil & Gas, covering all oil and gas contracting operations outside the North Sea. Earlier, Jon Erik led the Aker Maritime ASA product business in Norway, where he was involved in merger and acquisition activities, new business development, marketing and sales, and investor relations.

He previously served as a board member of two Norwegian government-elect organizations: INTSOK, involved in developing and executing a strategy to internationalize the Norwegian oil and gas industry, and 0G21, an initiative to establish a research and development strategy for the country's oil and gas industry. Jon Erik has until recently been a member of the Corporation Visiting Committee, Ocean Engineering Department, at Massachusetts Institute of Technology (MIT).

Jon Erik obtained a masters degree in Applied Mathematics/Geophysics from the University of Bergen, Norway. He completed the International Executive Program in 1991 from the Institute for Management Development (IMD) in Lausanne, Switzerland. He is located at Alcoa's New York office.

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