Alcoa Embraces Decision on Vatnajokull National Park

Alcoa Inc. (NYSE:AA), today announced it embraces the decision of
Althing (Parliament of Iceland) to establish Europe's biggest natural
reserve. The Vatnajokull National Park will cover a total of 15,000
square kilometres (just under 6,000 square miles). Europe's biggest
glacier, Vatnajokull, is fully incorporated in the national park.

Alcoa has for several years supported the creation of and has
monitored the preparations for the establishment of the Vatnajokull
National Park and its underlying ambitious ideology. "We salute
Althing for taking this important step to support the establishment of
this unique wilderness national park," said Tomas Sigurdsson, Managing
Director of Alcoa Fjardaal in Iceland. "We have long supported
protecting this natural reserve as it is part of our sustainability
philosophy."

Preparations for the Vatnajokull National Park began as early as
in 1999 when Althing passed a parliamentary resolution to establish
the park. A bill of law on the national park was passed recently by a
large majority of parliamentarians.

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
most sustainable corporations in the world at the World Economic Forum
in Davos, Switzerland. More information can be found at www.alcoa.com