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April 16, 2007

Power Outage Impacts Alcoa Tennessee Operations

PITTSBURGH--Alcoa (NYSE:AA) today announced that the severe electrical storms that hit the southeastern United States this past weekend resulted in a power outage at the company’s Tennessee Operations aluminum smelter.

A power substation serving the smelting operations was directly hit by a lightning strike, resulting in a complete power outage at the plant. There were no injuries. Plant employees were able to restore full power to the plant quickly and safely, but one of the two potlines at the plant, representing approximately 107,000 metric tons per year, was not able to be re-started and is currently not operating.

A full re-start plan, timeline for the potline re-start and financial impact is being developed along with an evaluation of impacts on the adjacent can sheet rolling mill which utilizes aluminum from the smelter. However, it is expected that the potline may take several months to re-start.

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 122,000 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