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March 28, 2007

Alcoa Embraces Decision on Vatnajokull National Park

REYDARFJORDUR, Iceland & NEW YORK--Alcoa Inc. (NYSE:AA), today announced it embraces the decision of Althing (Parliament of Iceland) to establish Europe’s biggest natural reserve. The Vatnajökull National Park will cover a total of 15,000 square kilometres (just under 6,000 square miles). Europe’s biggest glacier, Vatnajökull, is fully incorporated in the national park.

Alcoa has for several years supported the creation of and has monitored the preparations for the establishment of the Vatnajökull National Park and its underlying ambitious ideology. “We salute Althing for taking this important step to support the establishment of this unique wilderness national park,” said Tomas Sigurðsson, Managing Director of Alcoa Fjardaal in Iceland. “We have long supported protecting this natural reserve as it is part of our sustainability philosophy.”

Preparations for the Vatnajökull National Park began as early as in 1999 when Althing passed a parliamentary resolution to establish the park. A bill of law on the national park was passed recently by a large majority of parliamentarians.

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