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September 11, 2007

Alcoa Opens New Anode Plant in Norway to Serve Fjardaal and Mosjoen Smelters

NEW YORK--Alcoa (NYSE:AA) announced that it has opened a new 280,000 metric ton per year anode plant in Mosjoen, Norway. The facility will produce anodes for Alcoa’s Fjardaal aluminum smelter in Iceland and the Mosjoen aluminum smelter in Norway. Alcoa built the facility with managing partner Elkem Aluminium ANS, which has a 36% share in the Mosjoen anode plant. Alcoa owns 50% of the partnership Elkem Aluminium ANS, which operates aluminum smelters in Mosjoen and Lista, Norway.

Anodes are the electrodes toward which current flows during the smelting process of making aluminum. Anodes from the new plant have already been delivered to the Mosjoen smelter and the first shipments to Fjardaal are expected to start this month.

“This new plant was completed on time and safely and it is one of the world’s largest and most environmentally friendly facilities of its type,” said Bernt Reitan, Executive Vice President of Alcoa and Group President, Global Primary Products, who attended the event. “This facility will enable us to continue to reduce production costs and maintain our competitiveness in the marketplace.”

Norwegian Prime Minister Jens Stoltenberg participated in an inauguration ceremony held on August 30.

Alcoa in Norway

Alcoa established a presence in Norway through a 1962 partnership with Elkem ASA. Today, Elkem Aluminium NS, the partnership owned 50/50 by Orkla and Alcoa, operates smelters in Mosjøen and Lista and supply the European aluminum market. Alcoa's automotive casting operation in Lista, established in 1995, produces wheel suspension components for leading European automakers.

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 including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, structures and building systems. The company has 116,000 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