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February 2, 2010

Chris L. Ayers Joins Alcoa in New Position as Chief Operating Officer for Alcoa Cast, Forged and Extruded Products

NEW YORK--Alcoa (NYSE:AA) announced today that Chris L. Ayers has joined the company as Chief Operating Officer, Alcoa Cast, Forged and Extruded Products. This new position was created as part of the re-alignment of Alcoa’s Engineered Products and Solutions (EPS) business to accelerate its growth platform and to support corporate initiatives. Mr. Ayers will be responsible for the Alcoa Forgings and Extrusions, Alcoa Power and Propulsion, and the Alcoa Oil and Gas businesses. These businesses have more than 10,000 employees in 31 locations worldwide.

Mr. Ayers came to Alcoa from Precision Castparts Corporation, a worldwide, diversified manufacturer of complex metal components and products, where he was President of PCC Forgings Division, which is comprised of two separate companies: Wyman Gordon Forgings and Special Metals Corporation. He was president of Wyman Gordon Forgings from 2004 –2006.

“Chris has an outstanding track record and experience in the aerospace industry, having worked in the industry for more than 20 years. We are glad to have him on our team,” said Bill Christopher, Alcoa Executive Vice President and Group President, Engineered Products and Solutions.

Mr. Ayers began his career with United Technologies Corporation, working in a number of assignments in its Pratt & Whitney business. Later, he joined PCC Airfoils, Inc., a manufacturer of airfoil castings for the aerospace and industrial gas turbine industry, where he was Vice President/General Manager of facilities in Cleveland, Ohio. He was also the Managing Director of facilities located in both Leeds and Leicester, England. He joined Precision Castparts in 1999.

Mr. Ayers is a member of the board of directors of Universal Stainless & Alloy Products, Inc., a manufacturer and marketer of a range of semi-finished and finished specialty steels, including stainless steel, tool steel and other alloyed steels.

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 been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland and has been a member of the Dow Jones Sustainability Index for eight consecutive years. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com