Alcoa Joins Business, Investment Leaders in Climate Call to Action

Business Wire, March 19, 2007

NEW YORK -- Alcoa (NYSE:AA) announced today that it has joined with a group of businesses and institutional investors in a call to action for the U.S. government to establish a national policy on climate change.

The group, organized by Ceres and its Investor Network of Climate Risk, represents dozens of institutional investors managing $4.4 trillion in assets and a number of leading U.S. companies, including Alcoa.

Ceres, whose goal is to advance corporate responsibility among its coalition members, worked with the businesses and institutional investors to formulate the call to action and announced its intentions today in Washington, D.C. Organizers point out that the Ceres-sponsored network complements recent climate change statements by the U.S. Climate Action Partnership (USCAP) and the Global Roundtable on Climate Change (GROCC). Alcoa is a founding member of USCAP and an active participant in the GROCC. These groups unite corporations, NGOs and other stakeholders in the fight against global warming.

About Alcoa

Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap[R] foils and plastic wraps, Alcoa[R] wheels and Baco[R] household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 123,000 employees in 44 countries and has been named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com, www.alcoa.com/climatechange and www.Ceres.org.