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October 25, 2010

Organizational Changes in Alcoa’s Finance Group: Matthew Garth Named Vice President, Finance North American Rolled Products; Roy Harvey Named Director, Investor Relations

NEW YORK--Alcoa (NYSE:AA) announced today organizational changes in its Finance group. Effective immediately, Matthew E. Garth, 36, will become Vice President, Finance for Alcoa’s North American Rolled Products Group. Succeeding Mr. Garth as Director, Investor Relations is Roy Harvey, 36, who had been Director, Corporate Treasury for Alcoa.

Alcoa’s Rolled Products Group is composed of North American Mill Products and Rigid Packaging operations, with $4 billion in revenues. Mill Products has three manufacturing plants located in Davenport, Iowa, and Lancaster, Pa., which provides aluminum plate and sheet for customers in the aerospace, automotive, commercial transportation, building and construction, and industrial markets. Rigid Packaging has operations in Alcoa, Tenn., and Warrick, Ind.

“Matt and Roy bring solid financial experience and talent to their roles. Matt’s strategic background and capital market experience will be a valuable addition to Rolled Products, and Roy’s unique international operational experience will be an asset in working with the financial analyst community,” said Alcoa Chief Financial Officer Chuck McLane.

Biographical information follows:

Matthew Garth

Matt Garth joined Alcoa in 2002 as manager, Investor Relations, involved in designing the company’s strategic financial messaging and shareholder communications. Following this assignment, Mr. Garth held financial positions in corporate analysis and strategic planning and as Director of Corporate Treasury. Mr. Garth returned to investor relations as Director in 2009.

Before joining Alcoa, Mr. Garth worked at Thomson Financial, advising industrial companies on valuations, mergers and acquisitions, and investor engagement. He holds a bachelor’s degree in accounting from the University of Delaware and an MBA from Columbia University.

Roy Harvey

Roy Harvey joined Alcoa in 2002 as a business analyst for the Primary Metals business in Knoxville, Tennessee. While there, he worked with the global casthouse system to develop performance measurement systems and drive casthouse profitability. In 2005, he moved to the São Luis Plant in Brazil, where he first served as the casthouse manager in the smelter and then as plant controller. In 2007, he became plant manager for the San Ciprián, Spain, smelter and then Director of Finance and Business Integration for Global Primary Products Europe, leading the finance and casthouse teams. In January 2010, Mr. Harvey was named to his most recent assignment as Director, Corporate Treasury, where he played a major role in developing an extensive enterprise risk management program.

Prior to joining Alcoa, Mr. Harvey worked with Greenstone Resources Ltd., a gold mining company based in Central America, as corporate manager of environmental affairs and operations reporting. He was based in Panamá City, Panamá for three years and then Managua, Nicaragua for an additional year.

Mr. Harvey graduated with honors from The Wharton School of Business, University of Pennsylvania, simultaneously earning master’s degrees in international business and finance. He also holds a bachelor’s degree in mining engineering from Columbia University. In 2008, Mr. Harvey was named to the prestigious Young Leaders Program of the World Economic Council.

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 nine 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.