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April 24, 2006

Alcoa Packaging & Graham Packaging Announce Preferred Partnership Agreement to Provide Enhanced Container Solutions

RICHMOND, Va.--(BUSINESS WIRE)--April 24, 2006--Alcoa Packaging, a business of Alcoa Packaging & Consumer and a leading manufacturer of printed flexible packaging and custom thermoforming, announced today the formation of a preferred partnership agreement with Graham Packaging, manufacturer of customized blow molded plastic containers based in York, Pennsylvania. Through the preferred partnership agreement, both firms can provide total container solutions to their customers as the complementary capabilities of Alcoa Packaging's award-winning printed shrink sleeve labels are combined with those of Graham Packaging's blown containers for the branded food and beverage, household, specialty, and automotive markets. Now both firms, with co-promotional sales, marketing and service teams, can move customers from concept to market with containers and flexible packaging solutions that will increase shelf visibility, brand awareness and functionality.

"We are pleased to offer our industry-leading shrink sleeve capabilities with the full product line of one of North America's largest and innovative container manufacturers, Graham Packaging. This partnership agreement creates the opportunity for market growth and new market entry for the benefit of our customers. Now, customers of both Alcoa and Graham can benefit by having one source to turn to for innovative packaging and branding solutions," stated Bimal Kalvani, president, Alcoa Packaging.

"The pairing of our respective companies' capabilities provides consumer goods manufacturers a complete, bundled packaging solution from the design stage to final product supply," remarked Mark Leiden, Vice President Global Marketing, Graham Packaging. "Providing trained sales and service personnel from both firms to support these product lines increases our customers' ease of obtaining uniquely designed, customized containers with high print quality shrink sleeves that will grab the consumers' attention as they shop the crowded retail aisles."

Alcoa Packaging is a proven leader in the printed shrink label industry, providing design services and up to 10 color rotogravure and flexographic printing on a variety of shrink sleeve substrates, superior on-site technical service and management of inventory logistics for multiple account locations with limited turnaround time. Alcoa Packaging continues to be innovative with its shrink sleeve label offerings by continually reviewing new substrates and printing and ink technologies that provide optimum performance.

Graham Packaging utilizes state-of-the-art technology to provide customized packages that are innovative and unique. Graham designers utilize the latest CAD systems and software to develop renderings, drawings, and volumetrically-correct 3-D computer models. Graham also provides complete prototyping support with models, castings, molds, and sample containers from its own R&D laboratories. Graham's technologists choose the latest molding systems available for package production. Graham is also a world leader in customized package manufacturing. Graham prides itself on developing innovative manufacturing arrangements that integrate uniquely with customers' filling operations. This provides Graham's customers with the ultimate in service, quality, and lowest total systems cost.

Details on the preferred partner agreement were not disclosed.

About Alcoa Packaging

Alcoa Packaging, based in Richmond, Virginia, manufactures a variety of packaging materials including extrusion and adhesive laminated pouch materials, overwraps and linerstock, blister lidding foil, thermoformed trays, cable wrap, plastic shrink sleeve body labels, shrink film and laminated foil. These packaging materials serve the world's leading consumer products manufacturers within the pharmaceutical, medical, food & beverage, and industrial markets.

About Alcoa

Alcoa (NYSE:AA) is the world's leading producer of primary aluminum, fabricated aluminum and alumina, 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 as a single solution to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, 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.

About Graham Packaging

Graham Packaging, based in York, Pennsylvania, is a worldwide leader in technology-based, customized blow-molded plastic containers for the branded food and beverage, household, personal care/specialty, and automotive lubricants product categories. The company produces more than 20 billion container units at 88 plants in North America, Europe, and South America, and had sales of $2.5 billion in 2005. Graham Packaging is a leading U.S. supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, dressings, condiments, and beers; the leading global supplier of plastic containers for yogurt drinks; the leading supplier of plastic containers for liquid laundry detergent; and the number-one supplier in the U.S., Canada, and Brazil of one-quart/one-liter plastic HDPE (high-density polyethylene) containers for motor oil.