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March 25, 2002

Alcoa Continues to Demonstrate Commitment to Significant Greenhouse Gas Reductions: Welcomed as Charter Partner in U.S. EPA Voluntary Climate Leaders Program

PITTSBURGH--(BUSINESS WIRE)--March 25, 2002--Alcoa (NYSE:AA) today joined the United States Environment Protection Agency's (EPA) voluntary Climate Leaders program as a charter partner. Participation in the Climate Leaders program complements voluntary agreements Alcoa already has in place with the governments of Quebec and Australia, and reinforces the commitment Alcoa has made to achieving significant, global reductions in greenhouse gas emissions.

"Leadership and learning go hand in hand in environmental initiatives such as the EPA's Climate Leaders program," said Alcoa Chairman and CEO Alain Belda. "Voluntary partnerships with industry, government, and communities create useful open forums for building and sharing knowledge. Alcoa views participation in these partnerships as one of the key enablers for achieving the ambitious environmental goals we've set for Alcoa over the next 20 years, and for the overall achievement of globally sustainable reductions in greenhouse gas emissions."

In 2000 Alcoa announced its 20-year strategic environmental plan which included commitment to 25% reduction in greenhouse gas emissions from the 1990 base-line by 2010.

Details of Alcoa's 2020 Environmental Strategy can be found on alcoa.com

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum, and alumina. Among its related businesses are precision castings, closures, fiber optic cables, and electrical distribution systems for cars and trucks. It has 129,000 employees in 38 countries.