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December 12, 2005

Alcoa Invests More Than $850,000 in U.S. Universities to Promote Diversity in the Workplace

PITTSBURGH--(BUSINESS WIRE)--Dec. 12, 2005--Alcoa (NYSE:AA) announced today that it has invested more than $850,000 in 23 universities across the United States as part of its Campus Partnership Program that supports the company's commitment to build a diverse workforce that exemplifies leadership and excellence.

The grants will support educational initiatives that focus on promoting diversity, gender equity and global perspectives in the fields of business, science, engineering and technology.

"Encouraging a diverse workforce provides companies with the people and skills needed to compete in today's global marketplace," said Rick Williams, director, Staffing and Talent Development. "In order to foster innovation and diverse perspectives, businesses need to have a workforce that includes women, minorities and people with global perspectives. Alcoa is proud to partner with these universities as they foster an environment that embraces those qualities."

The universities selected for this year's program are:

- Carnegie Mellon University         - Case Western Reserve University
- Clarkson University                - Cornell University
- Duquesne University                - Florida A&M University
- Georgia Institute of Technology    - Harvard Business School
- University of Illinois             - University of Iowa
- Iowa State University              - University of Michigan
- Michigan State University          - University of Missouri-Rolla
- North Carolina A&T State           - North Carolina State
  University                           University
- Ohio State University              - Penn State University
- University of Pittsburgh           - Purdue University
- Texas A&M University               - University of Virginia
- Wharton - University of Pennsylvania

The universities were selected for the program based on the quality and breadth of their academic programs as well as the diversity of their student populations. In addition, Alcoa focuses its recruitment efforts at the universities selected for the Campus Partnership Program by maintaining a year-round relationship with the schools through internship fairs, job fairs and information sessions for students.

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 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