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June 5, 2008

Alcoa Again Named One of the World's Most Ethical Companies

NEW YORK--Alcoa (NYSE:AA) again has been named one of the World’s Most Ethical Companies by Ethisphere, a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility. The recipients were announced during the Ethisphere and Forbes joint-conference, “Driving Profit through Ethical Leadership” held yesterday in New York. Winners will also be featured in Ethisphere Magazine, the quarterly publication of the Institute.

“At Alcoa, our Values guide our behavior at every level of the organization worldwide. This recognition of our ethical business practice leadership exemplifies our commitment to integrity and being an upstanding corporate citizen,” said Klaus Kleinfeld, Alcoa CEO and President.

In assembling the rankings of the World’s Most Ethical Companies, researchers and analysts reviewed over 10,000 of the world’s leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies’ activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation 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, and building systems. The Company has 97,000 employees in 34 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.