Arconic Board Approves Quarterly Dividends

February 23, 2017

The Board of Directors of Arconic (NYSE: ARNC) today declared (a) a
quarterly common stock dividend of 6 cents per share payable on May 25,
2017, to shareholders of record at the close of business on May 5, 2017;
(b) a dividend of 93.75 cents per share on Arconic’s $3.75 cumulative
preferred stock (“Class A Stock”) payable on April 1, 2017, to holders
of the Class A Stock at the close of business on March 10, 2017; and (c)
a dividend of $6.71875 per share on Arconic’s 5.375% Class B Mandatory
Convertible Preferred Stock (“Class B Stock”), payable on April 1, 2017,
to holders of record of the Class B Stock at the close of business on
March 15, 2017. The dividend on the Class B Stock is equivalent to a
dividend of $0.671875 per Depositary Share (each Depositary Share
representing a 1/10th interest in a share of the Class B Stock).

About Arconic

Arconic (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,
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Investor Contact:
Patricia Figueroa, 212-836-2758
Media Contact:
Shona Sabnis, 212-836-2626