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November 15, 2001

Alcoa Elects Ricardo E. Belda Executive Vice President; James R. Stanley Elected Vice President

PITTSBURGH--November 15, 2001-- Alcoa announced today that its Board of Directors elected Ricardo E. (Ric) Belda, 57, an executive vice president of the company and James R. Stanley, 59, was named a vice president of Alcoa.

Mr. Belda became president of Alcoa Europe in March 2000 and was elected a vice president of Alcoa in May 2000. Mr. Stanley joined Alcoa in June 2000 as president and chief executive officer of Howmet Castings, the leading producer of high-grade investment castings for aerospace and industrial gas turbines. Alcoa acquired Howmet Castings as part of the company's acquisition of Cordant Technologies.

Biographical information follows:

Ricardo E. (Ric) Belda

Mr. Belda joined Alcoa Aluminio, Alcoa's Brazilian affiliate, in 1968. He held sales and management positions at Aluminio, including manager of the electrical conductor plant, general manager of the flat rolled products division and executive director of mill products. He was also a director of Alcoa Aluminio. In 1995, Mr. Belda became president of Alcoa Netherlands and later took on responsibility for extrusions and end products for all of Europe. His most recent position was president, Alcoa Europe - Extrusions and End Products and president of Alcoa Netherlands Holding B.V.

James R. Stanley

Mr. Stanley joined Howmet in 1992 as senior vice president and chief operating officer. Prior to his employment at Howmet, Mr. Stanley was the vice president and general manager of customer support and marketing at the Textron Turbine Engine Division of Textron, Inc. He also held the position of vice president of operations for Textron Lycoming and held numerous managerial positions for nearly 20 years at General Electric Company's Aircraft Engine business group.

Editorial Contact:
Joyce A. Saltzman
Alcoa Inc.