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March 7, 2007

Alcoa Named to FORTUNE Magazine's ''Most Admired'' List; Named to Annual Ranking for 24th Consecutive Year

NEW YORK--Alcoa (NYSE:AA) announced today that it has been named one of FORTUNE Magazine’s 2007 Most Admired Companies in the publication’s annual ranking. Only the best are listed as most admired, and Alcoa has been named to the top admired ranking for 24 years in a row. In 2005, Alcoa was inducted into the publication’s Hall of Fame list, for its consistent high performance in the magazine’s rankings.

For its survey of 616 companies in 68 industries, FORTUNE asked more than 16,000 industry executives, directors and securities analysts to rank companies on key attributes. Alcoa maintained its high rankings on social responsibility, financial soundness, innovation and quality of products/services.

Other recent awards that Alcoa has attained include recognition as a top role model in sustainable business practices when named one of the most sustainable corporations in the world for three years in a row at the World Economic Forum in Davos, Switzerland. Alcoa is also the only metals company and the top ranked major U.S. corporation on a new international listing of the world’s top 50 low-carbon pioneers published by an affiliate of CNBC Europe.

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® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 123,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com