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October 27, 2003

Alcoa Kofem Honored With First-Ever Corporate Citizenship and Social Responsibility Award

PITTSBURGH--(BUSINESS WIRE)--Oct. 27, 2003--Alcoa Inc. (NYSE:AA) announced today that its Alcoa-Kofem facility in Szekesfehervar, Hungary was the recipient of the first-ever Good Corporate Citizenship and Social Responsibility Award from Figyelo, the leading Hungarian business and economic journal. In presenting the award, Figyelo cited Alcoa and Alcoa Foundation for its social responsibility behavior. In the past, Figyelo has presented the national awards to companies based on economic performance only.

Alcoa has played a key role in developing strong community relations since it first entered Hungary in 1993 when it acquired the state-owned Light Metal Work of Szekesfehervar, now known as Alcoa-Kofem Kft. Since then, the Alcoa Foundation has approved an aggregate amount of $2.7 million for the Hungarian non-profit sector. This amount supported some 200 projects selected jointly by Alcoa's management team and local communities in Hungary. One that enjoyed particular attention was the rehabilitation of a recreation area, called "Salt Lake Park," in Szekesfehervar.

Alcoa-Kofem produces extrusions and rolling ingots, flat rolled products, automotive structures, truck bodies, plastic closures, wire harnesses, and wheels for trucks, trailers and buses. It serves customers in the aluminum ingot, packaging and consumer goods, automotive and industrial markets. Alcoa has more than 5,000 employees in Hungary at five plants.

Alcoa Inc. is the world's leading producer of primary aluminum, fabricated aluminum, and alumina. It has 127,000 employees in 40 countries.

Note to editors: Please note there should be an accent mark above the 'e' in "Kofem" and above the first 'e' and the 'a' in "Szekesfehervar." Also, there should be an umlat above the 'o' in "Kofem" and above the 'o' in "Figyelo." These marks were removed for transmission purposes only.