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March 6, 2002

Alcoa Foundation Sponsors Committee of 200 Professional Women's Conference at Carnegie Mellon University

PITTSBURGH--(BUSINESS WIRE)--March 6, 2002--Alcoa Foundation

Grant Extends Alcoa Foundation's Commitment to Diversity

and Global Perspective in the Workplace

Alcoa Foundation announced today a grant to Carnegie Mellon University's Graduate School of Industrial Administration (GSIA) to host the 2002 Committee of 200 (C200) professional women's conference on March 15. C200 is an organization of the nation's pre-eminent women executives and business leaders.

Titled, "Discovering Your Worth, Your Path, Your Possibilities," the conference is expected to attract nearly 250 Committee members, as well as MBA students, business professors and female executives. Veronica Hagen, president, Alcoa Engineered Products and vice president, Alcoa, will be one of two keynote presenters at the conference and will speak on entrepreneurial issues and career paths involving entrepreneurial and corporate skills. Other conference topics range from crisis management to negotiating skills to nurturing global management styles.

"We're actively investing in the next generation of leaders in business, engineering, science and technology," said Kathleen W. Buechel, president of Alcoa Foundation. "We're working to ensure that they are a diverse group that provides a global perspective on business issues," she said. "Both Carnegie Mellon University and the C200 Conference illustrate the value of sharing best practices and encouraging diversity in leadership, so this conference is an important extension of Alcoa Foundation's efforts."

Alcoa Foundation has a longstanding commitment to educational programs that encourage diversity in workforce leadership through mentoring, support for higher education and on-the-job training. The Foundation focuses its educational efforts globally in science, engineering, technology and business to insure the full participation of young people, many of whom could be left behind, in the dynamic economy of the twenty-first century.

Carnegie Mellon's GSIA is one of the world's highest rated graduate business degree programs. It was ranked as the #2 MBA program in the world by corporate recruiters in a 2001 survey by The Wall Street Journal. Carnegie Mellon University has a strong commitment to recruiting and educating women. Approximately 27 percent of the current students are women, a ratio that is among the highest in the country.

C200 co-sponsors seminars for female MBA students twice each year to encourage an exchange of ideas and to give students the opportunity to network with the country's most influential women executives. The organization also works to bring many issues facing women in business to the forefront, including the importance of mentoring and encouraging young women to pursue leadership in business.

About Alcoa Foundation

Established in 1952, Alcoa Foundation is a global resource that actively invests in improving the quality of life in more than 26 countries around the world where Alcoa operates. In addition to community grants addressing local needs, the Foundation provides global grants focusing on five Areas of Excellence, including: Global Education in Science, Engineering, Technology and Business; Business and Community Partnerships; Conservation and Sustainability; Safe and Healthy Children and Families; and Skills Today for Tomorrow. For more information about Alcoa Foundation, visit Alcoa's World Wide Web site at www.alcoa.com and click on "Community."