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Alcoa Chairman Alain Belda Among Global Executives Calling for G8 to Lead on Climate Change

June 24, 2008

Alcoa Chairman Alain Belda joined 99 global business leaders last week in calling for the Group of 8 (G8) leaders to take the lead on climate change and to commit to halving emissions of greenhouse gases by 2050. The set of policy recommendations were given to Japan Prime Minister Yasuo Fukuda, executive chairman of the World Economic Forum, in advance of the G8 summit scheduled for July 7-9 in Hokkaido, Japan. The executives also requested that a successor treaty to the Kyoto Protocol involve all major economies including the U.S., China and India to make it effective.

Mr. Belda is a member of the Steering Board of the World Business Council for Sustainable Development which guided development of the CEO statement for the G-8.

“We know we must address climate change. We may not have sorted out every detail, but we are willing to take a leadership position and embrace open dialogue…that will get us all to our common goals of protecting our world for future generations,” Mr. Belda said.

About Alcoa

Alcoa (NYSE:AA) is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation 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 including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa(R) wheels, fastening systems, precision and investment castings, and building systems. The Company has 97,000 employees in 34 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com




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