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September 18, 2001

Alcoa Establishes Relief Fund

PITTSBURGH--September 18, 2001--
Alcoa announced today that it has created an Alcoa Relief Fund to assist the victims of last Tuesday's terrorist attacks in New York, Washington, D.C., and Pennsylvania. Initially, the Alcoa Relief Fund will be built on a $2 million commitment by the company. This is in addition to the $75,000 immediately donated by Alcoa Foundation to the Red Cross, to prompt deliveries of water, personal protective equipment, and other materials contributed by several Alcoa businesses.

Coupled with Alcoa's initial commitment of $2 million to this fund is the availability of a further $1 million from the company to match contributions made by Alcoa employees and retirees worldwide to accredited relief agencies serving the communities of New York or Washington, or to the families of victims of these events. The matching program includes donations made between September 11 and December 31, 2001.

"Alcoa's matching contribution will be added to the Alcoa Relief Fund to bolster the original $2 million," said Alcoa Chairman Alain Belda. "As events continue to unfold, it is our intention to apply these funds in the areas of greatest need."

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina. It has 142,000 employees in 37 countries.

Editorial Contact:
Joyce A. Saltzman
412-553-4467