Arconic Announces Preliminary Results of 2017 Annual Meeting

May 25, 2017

Arconic Inc. (NYSE: ARNC) today announced that, based on the preliminary
vote count provided by its proxy solicitor following the Company’s 2017
Annual Meeting of Shareholders (the “Annual Meeting”) held today,
shareholders have elected Christopher L. Ayers, Elmer L. Doty, David P.
Hess, Patrice E. Merrin and Ulrich R. Schmidt to the Arconic Board of
Directors. In addition, effective immediately following the Annual
Meeting, James “Jim” F. Albaugh was appointed to the Board to fill the
vacancy resulting from the resignation of L. Rafael Reif, which was
effective at the same time.

The preliminary voting results also indicate that the following
proposals were approved:

  • The ratification of the appointment of PricewaterhouseCoopers LLP as
    the Company’s independent registered public accounting firm for 2017.
  • On an advisory basis, the executive compensation programs and policies
    and the resulting 2016 compensation listed in Arconic’s proxy
  • On an advisory basis, to hold the advisory vote on executive
    compensation on an annual basis.
  • A shareholder proposal for the Board to take the steps necessary to
    eliminate supermajority voting requirements in Arconic’s governing

Preliminary voting results indicate that the following proposals did not
receive the requisite votes for approval:

  • A proposal to amend the Articles of Incorporation to eliminate the
    supermajority voting requirement in the Articles regarding amending
    Article SEVENTH (fair price protection).
  • A proposal to amend the Articles of Incorporation to eliminate the
    supermajority voting requirement in the Articles regarding amending
    Article EIGHTH (director elections).
  • A proposal to amend the Articles of Incorporation to eliminate the
    supermajority voting requirement in the Articles relating to the
    removal of directors.
  • A proposal to amend the Articles of Incorporation to eliminate the
    classification of the Board of Directors.

As previously announced, Arconic intends to use reasonable best efforts
to reincorporate in Delaware by the end of this year, and the
certificate of incorporation and bylaws of the resulting Delaware
corporation will provide for an annually elected Board and contain no
provisions requiring a supermajority shareholder vote.

The Company expects to file a Form 8-K with the Securities and Exchange
Commission reporting the preliminary results of all proposals based on
the independent Judge of Election’s preliminary tabulation, and to
report the final voting outcome once it has received the final,
certified report from the Judge of Election. Shareholders may access
these filings on

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,
and YouTube.

Dissemination of Company Information

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

Forward–Looking Statements

This communication 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,” “believes,” “could,” “estimates,” “expects,” “forecasts,”
“guidance,” “goal,” “intends,” “may,” “outlook,” “plans,” “projects,”
“seeks,” “sees,” “should,” “targets,” “will,” “would,” or other words of
similar meaning. All statements that reflect Arconic’s expectations,
assumptions or projections about the future, other than statements of
historical fact, are forward-looking statements, including, without
limitation, forecasts relating to the growth of the aerospace,
automotive, commercial transportation and other end markets; statements
and guidance regarding future financial results or operating
performance; statements about Arconic’s strategies, outlook, business
and financial prospects; and statements regarding potential share gains.
Forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties, and changes in circumstances that
are difficult to predict. Although Arconic believes that the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, it can give no assurance that these expectations
will be attained and it is possible that actual results may differ
materially from those indicated by these forward-looking statements due
to a variety of risks and uncertainties. Such risks and uncertainties
include, but are not limited to: (a) deterioration in global economic
and financial market conditions generally; (b) unfavorable changes in
the markets served by Arconic; (c) the inability to achieve the level of
revenue growth, cash generation, cost savings, improvement in
profitability and margins, fiscal discipline, or strengthening of
competitiveness and operations anticipated from restructuring programs
and productivity improvement, cash sustainability, technology
advancements, and other initiatives; (d) changes in discount rates or
investment returns on pension assets; (e) Arconic’s inability to realize
expected benefits, in each case as planned and by targeted completion
dates, from acquisitions, divestitures, facility closures, curtailments,
expansions, or joint ventures; (f) the impact of cyber attacks and
potential information technology or data security breaches; (g)
political, economic, and regulatory risks in the countries in which
Arconic operates or sells products; (h) the impact of the separation on
the businesses of Arconic; (i) material adverse changes in aluminum
industry conditions, including fluctuations in London Metal
Exchange-based aluminum prices; (j) the impact of changes in foreign
currency exchange rates on costs and results; (k) the outcome of
contingencies, including legal proceedings, government or regulatory
investigations, and environmental remediation; and (l) the other risk
factors discussed in Arconic’s Form 10-K for the year ended December 31,
2016, and other reports filed with the U.S. Securities and Exchange
Commission (SEC). Arconic 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. Market
projections are subject to the risks discussed above and other risks in
the market.

Arconic Inc.
Investor Contact
Patricia Figueroa, 212-836-2758
Media Contact
Shona Sabnis, 212-836-2626