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July 1, 2011

Alcoa Partners with the Global Reporting Initiative to Develop the Next Generation of Sustainability Reporting Guidelines

Company to Provide Expertise in Enhancing the World’s Leading Sustainability Reporting Framework

NEW YORK--Alcoa (NYSE: AA) is partnering with the Global Reporting Initiative (GRI) to develop the next generation of corporate sustainability reporting guidelines that will shape the way corporations around the world define, deliver and measure their sustainability performance.

The GRI Guidelines, initially launched in 1999, are part of the world’s most widely used sustainability reporting framework. Through this new partnership, Alcoa will serve as a participant and sponsor of The Global G4 Consortium, advising GRI during the development of the next iteration of GRI Guidelines to help ensure they address the most important challenges – present and future – in the corporate sustainability reporting field.

“We’re pleased to partner with GRI and play a key role in evolving the guidelines for comprehensive reporting in the rapidly changing field of corporate sustainability,” said Kevin Anton, Alcoa’s Chief Sustainability Officer. “Alcoa is a leader in sustainable business practices and this collaboration with GRI underscores our core belief that weaving sustainability throughout the enterprise creates a strategic business advantage for exceeding the expectations of customers, shareholders and partners around the world.”

“Alcoa has been reporting on its sustainability performance since 2002, and using the GRI framework since that time. Along with GRI and the Global G4 Consortium partners, Alcoa recognizes the importance of transparent and robust reporting, which allows a wide variety of stakeholders to have a deeper understanding of a company’s economic, environmental and societal impact,” Anton said.

“Alcoa will join other leading global companies to help guide us on the journey to improve and develop the next set of GRI Guidelines,” said Nelmara Arbex, Deputy Chief Executive of the Global Reporting Initiative. “Through the support of our corporate sponsors, G4 will enable more companies to provide their stakeholders with robust, relevant information about sustainability performance.”

The G4 Guidelines will be published in 2013 and will replace the G3 and G3.1 guidelines currently in use by organizations around the globe.

To view Alcoa’s 2010 Sustainability Report, visit http://www.alcoa.com/sustainability.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of 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.

About the Global Reporting Initiative

The Global Reporting Initiative (GRI) drives sustainability reporting by all organizations. GRI produces the world’s most comprehensive Sustainability Reporting Framework to enable greater organizational transparency. The Framework, including the Reporting Guidelines, sets out the Principles and Indicators organizations can use to measure and report their economic, environmental, and social performance. GRI is committed to continuously improving and increasing the use of the Guidelines, which are freely available to the public. Website: www.globalreporting.org