Alcoa Named World’s Most Admired Metals Company by Fortune Magazine

February 19, 2016

Top-ranked metals company for five consecutive years; Top score in all key attributes

For the fifth consecutive year, lightweight metals engineering and
manufacturing leader Alcoa (NYSE:AA) has been named the most admired
metals company by Fortune magazine in its annual ranking on
corporate reputation. Alcoa has been on Fortune’s Most Admired
List since the publication began the annual ranking more than 30 years

In addition, Alcoa received top scores in all key attributes:
innovation, people management, social responsibility, use of corporate
assets, quality of management, financial soundness, long-term investment
value, quality of products and services, and global competitiveness.

“This award is a credit to our talented employees around the world,”
said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Alcoa
employees everywhere continue to work tirelessly to ensure our
businesses are leaders in their markets. Through their work, we are
successfully positioned to launch two strong standalone companies later
this year.”

As previously announced, Alcoa plans to separate into two,
industry-leading publicly traded companies in the second half of 2016.
The Upstream company will comprise five strong business units that today
make up Global Primary Products: Bauxite, Alumina, Aluminum, Cast
Products and Energy; the innovation and technology-driven Value-Add
company will include the Global Rolled Products, Engineered Products and
Solutions, and Transportation and Construction Solutions businesses.

The Most Admired ranking is based on surveys of executives, analysts,
and directors who rate companies in their own industries.

The complete list of the World’s Most Admired Companies and related
articles will appear in Fortune’s March issue, which will hit
newsstands on February 22. The listing is also available online.

About Alcoa

A global leader in lightweight metals technology, engineering and
manufacturing, Alcoa innovates multi-material solutions that advance our
world. Our technologies enhance transportation, from automotive and
commercial transport to air and space travel, and improve industrial and
consumer electronics products. We enable smart buildings, sustainable
food and beverage packaging, high performance defense vehicles across
air, land and sea, deeper oil and gas drilling and more efficient power
generation. We pioneered the aluminum industry over 125 years ago, and
today, our approximately 60,000 people in 30 countries deliver value-add
products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For more
information, visit,
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Forward-Looking Statements

This release contains statements that relate to future events and
expectations and as such constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
“anticipates,” “expects,” “plans,” “should,” “will,” “would,” or other
words of similar meaning. All statements that reflect Alcoa’s
expectations, assumptions or projections about the future other than
statements of historical fact are forward-looking statements, including,
without limitation, statements regarding Alcoa’s separation transaction;
the future performance, competitive position, or growth opportunities of
Upstream Company and Value-Add Company; and the expected timing of
completion of the separation. Forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties, and changes in circumstances that are difficult to
predict. Such risks and uncertainties include, but are not limited to:
(a) uncertainties as to the timing of the separation and whether it will
be completed; (b) the impact of the separation on the businesses of
Alcoa; (c) Alcoa’s inability to realize expected benefits from the
separation or the risk that the separation may be more difficult,
time-consuming or costly than expected, which could result in additional
demands on Alcoa’s resources, systems, procedures and controls,
disruption of its ongoing business and diversion of management’s
attention from other business concerns; (d) the potential failure to
retain key employees while the separation transaction is pending or
after it is completed; (e) deterioration in global economic and
financial market conditions generally; (f) unfavorable changes in the
markets served by Alcoa; and (g) the other risk factors discussed in
Alcoa’s Form 10-K for the year ended December 31, 2014, and other
reports filed with the U.S. Securities and Exchange Commission. Alcoa
disclaims any obligation to update publicly any forward-looking
statements, whether in response to new information, future events or
otherwise, except as required by applicable law.

Investor Contact
Matt Garth, 212-836-2714
Media Contact
Monica Orbe, 212-836-2632