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September 22, 2003

Alcoa Publishes Global Safety Performance in Real Time

PITTSBURGH--(BUSINESS WIRE)--Sept. 22, 2003--Alcoa has begun publishing real-time tracking of its global Lost Work Day rate on alcoa.com . Lost Work Day Rate measures the number of injuries, which result in lost workdays per 200,000 hours worked.

"This is part of the dashboard that we watch every day. It's a measurement of how we are progressing towards our goal of zero work-related injuries and illnesses. Publishing it externally so that others can see it at the same time that we do is consistent with our commitment to openness and transparency," said Chairman and CEO Alain Belda.

"Internally, we have had real-time access to our safety performance data for about ten years. This has helped us identify priorities in health and safety and respond quickly and effectively in the face of emerging trends. It's one of the tools that continues to support our leadership in industrial safety performance."

Looked at from outside Alcoa, this data provides timely insight for external stakeholders into performance on this critical measure. This real time data is published alongside the previously available monthly data which shows the percentage of Alcoa work force, which has achieved zero lost workdays and the percentage of Alcoa locations that have achieved zero lost workdays and zero recordable injuries for the past twelve months.

"As of today, 372 of our 486 operating locations worldwide have had no lost workdays for the past year. These are the locations and the people who prove to us that zero injuries is not just a worthy goal. It is attainable and they are achieving it," Mr. Belda said.

Alcoa's Lost Work Day rate has shown an 85% improvement since 1992 and today stands at 0.121 compared with a U.S industry rate for 2001 (the latest industry data available) of 1.8. Year to date for Alcoa that represents nearly 600 fewer lost workday injuries this year than in 1992 despite the fact that the company has 345 additional locations and 83,628 additional employees this year than was the case in 1992.

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) foils and plastic wraps, 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. More information can be found at www.alcoa.com