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March 26, 2010

Alcoa Dedicates Expanded Recycling Operations

New State-of-the-Art Equipment a Key Strategic Investment for the Infinitely Recyclable Aluminum Can

ALCOA, Tenn.--Alcoa (NYSE:AA) today dedicated a $24 million expansion of aluminum can recycling capacity at the Company’s Tennessee Operations which will increase recycling capability by nearly 50 percent and help secure more than 100 jobs at the facility.

“The aluminum can is the world’s most efficient package, largely because it can be recycled infinitely,” said Klaus Kleinfeld, President and CEO of Alcoa. “Today we are celebrating the successful completion of our expansion and another milestone in our drive to help increase recycling rates across North America. This investment is an example of our commitment to increasing recycling as well as to helping secure jobs here in the Tennessee community.

“In the U.S. alone, more than 46 billion cans were put into landfills last year,” said Kleinfeld. “If we could instead recycle about half of those lost cans, we could achieve our goal of a 75 percent recycling rate and save the emissions of two coal-fired power plants.”

Kleinfeld was joined by Helmut Wieser, Alcoa Executive Vice President and President of Alcoa Global Rolled Products; and Kevin Anton, Vice President of Global Primary Products Finance and Strategy.

The new Tennessee Operations Can Reclamation facility includes a new crusher and delacquering furnace and supporting building enclosures, utilities and environmental systems. These improvements will help increase capacity using state-of-the-art environmental and fuel-efficient technology as well as support future flexibility to process other scrap types.

Recycling an aluminum can saves 95 percent of the energy it takes to make a can from new metal. A used beverage container can be recycled and back on the shelf in 60 days, something no other beverage package can do.

In 2009, Alcoa announced a commitment to work toward increasing recycling rates in North America to 75 percent by 2015. Increasing recycling capacity is part of the overall strategy to drive recycling rates.

“Today Americans recycle about 54 percent of all beverage cans produced in North America,” Kleinfeld said. “If everyone would recycle one more can a week, we can reach our 75 percent goal.”

Note to Editors: High resolution photos of the event are available on www.alcoa.com under News Releases.

About Alcoa

Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eight consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.