June 27, 2008

Alcoa Issues 2007 Corporate Sustainability Highlight Report

Alcoa (NYSE:AA) today announced the release of its 2007 Corporate Sustainability Highlights, which details the company's global environmental, social and economic performance and shows how sustainability is integrated into all aspects of our business. The report is available on line in the Sustainability section of alcoa.com at http://www.alcoa.com/sustainability.

"Sustainability remains a key focus at Alcoa. It drives best practices throughout our company and deepens our stakeholder engagement strategies at all levels of the organization," said Chairman Alain Belda.

Some notable 2007 accomplishments include:

-- The opening of our first new smelter in two decades in Eastern Iceland.

-- Named one of the world's most sustainable corporations in the world for the fourth consecutive year at the World Economic Forum in Davos, Switzerland.

-- Posted annual revenues of US$30.7 billion - an all-time record

-- Through Alcoa and Alcoa Foundation, invested more than US$49 million in the communities in which we operate worldwide.

-- Held our executive leadership team accountable for integrating diversity into our overall strategy and began tying the results to incentive compensation.

-- Ended 2007 with 80% of our locations having zero lost workdays and nearly 50% with no recordable injuries.

In addition, Alcoa engaged the services of independent firm AccountAbility to facilitate a pilot sustainability review panel made up of both external members and Alcoa representatives to help identify gaps in our reporting. As part of the process, the external panel members wrote an independent commentary that gives direction for continuous improvement in the reporting process. These observations are included in the report.

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.