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October 31, 2005

Alcoa Presents Update on Global Mill Product and Aerospace Strategy to Investors

PITTSBURGH--(BUSINESS WIRE)--Oct. 31, 2005--Alcoa (NYSE:AA) will meet with analysts and investors tomorrow at its Davenport, Iowa, facility. Helmut Wieser, Alcoa Vice President and Group President Mill Products North America and Europe, will provide an overview of Alcoa's global Mill Products operations and strategy. Executive Vice President Bill Christopher, who heads Alcoa's aerospace, automotive and commercial transportation businesses, will discuss Alcoa's aerospace position, and Mick Wallis, President, Alcoa North American Mill Products, will give a presentation on North America Mill Products.

Presentation materials used during the presentations will also be available for viewing at www.alcoa.com

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 named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com