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March 21, 2006

Alcoa Ranked Among Top Companies on Climate Change and Governance by Leading Environmental Group; Alcoa #2 in the U.S.

NEW YORK--(BUSINESS WIRE)--March 21, 2006--Alcoa (NYSE:AA) announced today that CERES, the largest coalition of investors, environmental and public interest organizations in North America, ranked Alcoa second among U.S. companies in its Report on Corporate Governance and Climate Change. This report is the first comprehensive measurement of how 100 leading global companies are preparing and positioning themselves to face the challenges of global warming. It is designed to be used as a benchmark tool by institutional investors and corporations.



Companies in the 10 most carbon-intensive sector industries were evaluated on how they addressed climate change through board oversight, management performance, public disclosure, emissions accounting and strategic planning. Alcoa scored 74 out of a possible 100 points, following DuPont, who had 85 points.

Alcoa was cited as a positive example in management execution. The report states that Alcoa's CEO is among the leaders in its industry by articulating the business case for GHG controls and a supportive government regulatory framework.

"Alcoa is committed to being a leader in addressing greenhouse gas emissions and climate change. This report recognizes both our focus on the issue and the hard work over the past decade to cut GHG emissions by more than 25 percent over 1990 levels," said Alcoa Chairman and CEO Alain Belda.

Separately, Alcoa was the highest scoring American company in an analysis of environmental and sustainability reporting in the metals, mining and crude-oil sectors by The Roberts Environmental Center of Claremont McKenna College, Claremont, California.

About CERES

CERES is a national coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. CERES directs the Investor Network on Climate Risk (INCR), a group of more than 50 institutional investors in the U.S. and Europe that collectively manage nearly $3 trillion in assets. For more information, visit http://www.ceres.org

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 129,000 employees in 42 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