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July 1, 2003

Alcoa Awarded Ford F-150 Pick-up Hood Contract

PITTSBURGH--(BUSINESS WIRE)--July 1, 2003--Alcoa (NYSE:AA) today announced it has been awarded a contract to supply aluminum for the hoods of Ford Motor Company's recently re-designed F-150 pick-up truck. The 2004 F-150 is an all-new version of the country's best-selling truck for the past 25 years and the best-selling vehicle of any type for the past 20 years. Alcoa, which supplies the aluminum used in the current F-series hood, will supply aluminum sheet that will be used to make the widest width aluminum closure produced in the North American automobile market. The 2004 F-150 launched last month.

"This contract to supply the new F-150 further extends the long-term relationship between Alcoa and Ford Motor Company and is a testament to Alcoa's ability to meet the supply challenges associated with America's highest volume vehicle," said Rick Milner President, Alcoa Advanced Transportation Systems and head of Alcoa's automotive market sector team.

Alcoa also supplies heat shields for the 2004 F-150 to help manage heat away from critical components. Alcoa's automotive products featured on Ford trucks include closures panels, wiring harness and electrical distribution systems and aluminum wheels. Alcoa supplies global automakers with a variety of automotive components and assemblies, including aluminum sheet for body panels and hoods, wheels, electrical and electronic systems, structural cast and forged components and assemblies such as bumpers, engine cradles, drive shafts, roof systems and the like through its various automotive businesses. Alcoa's worldwide automotive businesses have been integrated and aligned under an automotive market sector team, to give customers a single-point access to all of Alcoa's automotive capabilities. Alcoa solutions for the automotive market add performance, safety, fuel efficiency, and environment-enhancing capabilities to its customers' vehicles, using the Company's decades of design and engineering experience. Alcoa Automotive was just named one of the industry's top suppliers by original equipment manufacturer (OEM) readers of Automotive Industries magazine.

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 40 countries. For more information go to www.alcoa.com