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March 19, 2003

Alcoa World Alumina to Increase Production at Point Comfort Facility

PITTSBURGH--(BUSINESS WIRE)--Alcoa World Alumina announced today that it would adjust the alumina refining production rate at its Point Comfort, Texas refinery from 1.8 million metric tons per year (mtpy) to 2.3 million mtpy by the end of the second quarter. For the calendar year 2003, the plant is scheduled to produce an additional 300,000 mt above the 1.8 million mtpy rate, for a total of 2.1 million mt. The move is in response to increased demand for alumina. Production levels at Point Comfort will continue to be evaluated in light of future marketplace conditions.

Alcoa World Alumina, AWA, is a global alliance between Alcoa Inc. and Alumina Limited of Australia. It operates alumina refineries and bauxite mines in seven countries. Worldwide, AWA alumina capacity is 13.9 million mtpy.

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 as a single solution to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) aluminum foil, 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 127,000 employees in 39 countries. For more information go to www.alcoa.com