June 25, 2008

Alcoa Chairman Alain Belda Elected to IBM Board of Directors

Alcoa (NYSE:AA) announced today that Alcoa Chairman Alain Belda was elected to the IBM board of directors, effective July 29, 2008.

Alain Belda is chairman of Alcoa. Mr. Belda has a long, distinguished career at Alcoa joining the company nearly 40 years ago in its Brazilian affiliate, Alcoa Aluminio. He was elected a vice president of Alcoa in 1982, executive vice president in 1994, vice chairman in 1995, and president and chief operating officer with responsibility for all of Alcoa's operating activities in 1997. Two years later, he was elected president and chief executive officer and became chairman and chief executive officer of Alcoa in 2001, and named to his current position earlier this year

In addition to being chairman of Alcoa's board of directors, Mr. Belda is a director of Citigroup Inc. He serves on the Board of Trustees of The Conference Board, the world's leading business membership and research organization, and is also an active member of the Business Council.

About Alcoa

Alcoa 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