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January 19, 2000

Analyst Meeting

PITTSBURGH--January 19, 2000-- Fourth Quarter 1999 Results

On January 19, 2000, Alain Belda, Alcoa's President and Chief Executive Officer and Richard B. Kelson, Alcoa's Executive Vice President and Chief Financial Officer hosted Alcoa's quarterly update meeting with the financial community. The meeting and conference call included an audience of invited institutional investors and analysts.