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August 31, 2011

Alcoa Ranks Among the 100 Best Companies to Work For in Brazil for 10 Consecutive Years

NEW YORK--Alcoa (NYSE:AA) announced that its operations in Brazil was named one of the “100 Best Companies to Work For - Brazil” a recognition it has received for 10 consecutive years, according to a survey conducted by the Great Place to Work® Institute, published by Época magazine, from Editora Globo.

Alcoa Brazil also figured prominently on the “Time on List” ranking for continuously making the list for 10 years, and it took 5th place in the “Companies that Promote People Most” category.

The study assessed the confidence level from more than 700 Alcoa Brazil employees who responded to a questionnaire evaluating credibility, respect, impartiality, pride and comradeship; and people cultural practices in nine areas of the company: hiring and receiving; inspiration; talking; listening; appreciation; development; looking after; celebrating and sharing. The methodology was based on two assessments: one involved employees, who completed an electronic questionnaire, which was further verified through a group interview involving 15 Alcoans; and the second was focused on company people management practices.

“We’re proud of this result, because it reflects the satisfaction felt by hundreds of Alcoans with our work environment. We hope this recognition attracts even more talented people to the company,” says Franklin L. Feder, president of Alcoa Latin America and the Caribbean.

This is the 15th edition of the award, with Alcoa having participated in 13 of them and being nominated as the Best Company to Work For in Brazil in 10 editions, including this one.

The survey results will be published in an upcoming issue of Época magazine and in the 2011 “100 Best Companies to Work For” Guide.

About Great Place to Work®

The Great Place to Work® Institute was founded in Brazil in 1997 and operates in the areas of surveys and consultancy, where it carries out research related to the working environment and cultural aspects of organizations. The objective is to assess the degree of confidence that exists in companies and improve the quality of relations among people. The company’s headquarters are in California, in the United States and it operates in 40 countries.

About Alcoa in Brazil

Alcoa has been in Latin America and the Caribbean since the late 1950s and has some 7,000 employees in the region, with operations in Brazil, Jamaica and Suriname.

In Brazil, Alcoa operates fully integrated aluminum industry from bauxite mining to the production of transformed products. Alcoa has seven production units and three offices in the states of Maranhão, Minas Gerais, Pará, Pernambuco, Santa Catarina, São Paulo and the Federal District. The company also has shareholdings in four hydroelectric power stations: Machadinho and Barra Grande on the border of the states of Santa Catarina and Rio Grande do Sul; Serra do Facão in Goiás; and Estreito, between Maranhão and Tocantins. In 2010 Alcoa recorded revenues of US$ 1.6 billion in Brazil and was elected the Sustainable Company of the Year by Guia Exame de Sustentabilidade [Exame’s Sustainability Guide]. More information can be found at www.alcoa.com.br.

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.