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July 18, 2001

Alcoa Acquires ISAC Corporation

FRANKLIN, TENNESSEE--July 18, 2001-- Alcoa announced today that Alcoa Fujikura Ltd. (AFL) has acquired 100% of the stock of privately held ISAC, a provider of engineering, furnish and installation (EF&I) services to the telecommunications industry which is headquartered in Amityville, NY. Terms of the deal were not disclosed.

In making the announcement, Frank M. Larence, president of AFL Telecommunications, said “The addition of ISAC to AFL’s family of EF&I companies substantially increases our service and product offerings to our major telecommunications customers.” Today, AFL has seven EF&I companies in North America.

Alcoa is the world’s leading producer of primary aluminum, fabricating aluminum and alumina. Its related businesses include closures, packaging machinery, precision castings, fiber optic cables and electric distribution systems for cars and trucks.

AFL is a leading global provider of fiber optic products and services to the electric utility, telecommunications, data communications, and broadband industries. AFL is headquartered in Franklin, Tenn., with manufacturing and service locations in the U.S., Mexico and the U.K.