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September 18, 2002

Alcoa Names Charles D. McLane, Jr. and William F. Oplinger to New Posts; Timothy S. Mock to Retire

PITTSBURGH--(BUSINESS WIRE)--Sept. 18, 2002--Alcoa Inc. announced today that its Board of Directors appointed Charles D. McLane, Jr., 49, vice president of Alcoa Business Support Services and Controller, effective October 1, 2002. He succeeds Timothy S. Mock, 60, who will step down from his current position on October 1, 2002 and formally retire on January 31, 2003. Mr. McLane is currently based in New York City as director of investor relations, responsible for directing Alcoa's strategic relationships with securities analysts and investors globally. He will be relocating to Pittsburgh.

"In Chuck's short time with Alcoa, he has earned an excellent reputation for his knowledge, responsiveness and credibility in discussing Alcoa's financial performance and strategic direction with the investment community," said Alain Belda, Alcoa Chairman and CEO.

Mr. McLane will also be responsible for several Alcoa North American service functions, including procurement, financial shared services, environment, health and safety services, human resource services, and aircraft operations.

Succeeding Mr. McLane as director of investor relations is William F. Oplinger, 35, who is currently manager of Financial Analysis and Planning for Alcoa in Pittsburgh.

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) products, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 38 countries.

Biographical information follows:

Charles D. McLane, Jr.

Mr. McLane joined Alcoa in May 2000 as director of investor relations, following the company's acquisition of Reynolds Metals Company.

Mr. McLane joined Reynolds Metals in 1973 in an accounting position before beginning a series of financial assignments including division controller. In 1990, he was named director of finance and administration for Reynolds' Global Can business unit, then in 1995 he became assistant controller and in 1999 assistant treasurer.

He earned both a bachelor's and master degree in accounting from Virginia Commonwealth University in 1978 and 1984, respectively. Mr. McLane attended an Executive Program at the Darden School of Business in 1988 and the Wharton School of Business in 1995.

William F. Oplinger

William F. (Bill) Oplinger joined Alcoa in 2000 as manager, corporate analysis in the Finance organization in Pittsburgh. One year later he was named to his most recent position as manager, Financial Analysis and Planning, where one of his major responsibilities is the corporate annual strategic planning process, which includes long term goal setting, and consolidation and evaluation of business plans. He assumes his new assignment as director of investor relations in October 2002. He will be located in New York City.

Prior to joining Alcoa, Mr. Oplinger worked at Westinghouse Electric Company for 11 years in Pittsburgh and in Charlotte, North Carolina, where he served in several engineering, marketing management and business planning positions including director, Business Planning for Westinghouse's Process Control Division handling growth initiatives, new market and profitability analysis, and evaluation of potential acquisition targets. Previously, in 1998 he was national manager of Customer Service for Westinghouse Electric, where he managed the sales and marketing efforts for a number of service product lines.

He obtained a bachelor's degree in 1989 in industrial engineering and operations research from Virginia Tech University and a masters of science in industrial administration from the Graduate School of Industrial Administration at Carnegie Mellon University in Pittsburgh in 1998. Mr. Oplinger graduated with honors from CMU.

Timothy S. Mock

Tim Mock began his Alcoa career at the Cleveland (Ohio) Works in 1964 as an industrial engineer after graduating from Lehigh University. He became chief industrial engineer there in 1974 and transferred to Alcoa's Massena (N.Y.) Operations as controller in 1978. In 1981, Mr. Mock was named controller, Flat Rolled Products Division in Pittsburgh, and was later promoted to group controller of Packaging Systems. He returned to Massena in 1988 as operations manager and was named president of Alcoa's Wire, Rod and Bar business unit a year later. In 1995, he headed the transition team for the acquisition of Alumix, S.p.A., Italy's state owned aluminum producer that Alcoa acquired in 1996, now known as Alcoa Italia. Following the acquisition, he became managing director of Alcoa Italia, based in Milan, Italy. He returned to the U.S. as President, Automotive Structures and was then named vice president of Alcoa and controller in 1999. Mr. Mock was named to his present position as vice president, Alcoa Business Support Services and controller in 2001.