Arconic Completes Early Redemption of 5.55% Notes Due 2017

December 30, 2016

Arconic Inc. (NYSE: ARNC) announced today that it has completed the
previously indicated early redemption of all of its 5.55% Notes due 2017
(the “Notes”) in the aggregate principal amount of $750,000,000. Holders
of the Notes were paid $1,004.27 per $1,000.00 aggregate principal
amount of the Notes, or an aggregate of $753.2 million, plus accrued and
unpaid interest up to, but not including, the redemption date. This
redemption is a component of Arconic’s de-leveraging program.

About Arconic

Arconic Inc. (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
Follow @arconic: Twitter,
and YouTube.

Dissemination of Company Information

Arconic intends to make future announcements regarding Company
developments and financial performance through its website at

Arconic Inc.
Investor Contact
Patricia Figueroa, 212-836-2674
Media Contact:
Shona Sabnis, 212-836-2626