Arconic Appoints Dave Miller to Join Board of Directors

December 19, 2017

Arconic Inc. (NYSE: ARNC) announced today that its Board of Directors
has appointed Dave Miller, a Senior Portfolio Manager at Elliott
Management, to join the Board as a director, effective immediately. Mr.
Miller replaces Patrice Merrin, who has voluntarily stepped down from
the Board. The Board has also appointed Mr. Miller to serve on the
Finance Committee.

Dave Miller is a Senior Portfolio Manager at Elliott Management, a New
York-based investment fund with over $34 billion in assets under
management. Mr. Miller joined Elliott in 2003 after working in M&A and
financing advisory roles at Peter J. Solomon Company. He is currently a
director of the Brazil American Automotive Group, Inc., one of the
largest automotive dealership groups in Latin America and previously
served on the boards of JCIM, LLC, ISCO International, LLC, and SemGroup
Energy Partners GP. Mr. Miller holds a Bachelor of Arts from Harvard

John Plant, Chairman of the Board, said of Mr. Miller’s appointment, “We
see great value in having a substantial shareholder directly represented
in the Boardroom and are pleased to invite Dave Miller to join the Board
in this capacity. The Board thanks Patrice for her contributions to
Arconic during her time as a director and we wish her the best in her
future endeavors.”

Incoming Arconic CEO Charles “Chip” Blankenship said, “As Arconic’s next
CEO, my goal is to deliver outstanding returns for our shareholders. I
welcome having Dave’s investment and financial expertise on the Board
and am excited to start working with the entire Arconic Board in

“There are tremendous value creation opportunities at Arconic and I look
forward to working closely with Chip, John and my colleagues on the
Board to help the Company to seize them,” said Mr. Miller.

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
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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,” “believes,” “could,” “estimates,” “expects,” “forecasts,”
“goal,” “guidance,” “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 and expectations relating to the aerospace,
automotive, commercial transportation and other end markets; statements
and guidance regarding future financial results or operating
performance; and statements about Arconic’s strategies, outlook,
business and financial prospects. These statements reflect beliefs and
assumptions that are based on Arconic’s perception of historical trends,
current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
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 or targeted; (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) any manufacturing difficulties or other issues that impact
product performance, quality or safety; (h) political, economic, and
regulatory risks in the countries in which Arconic operates or sells
products; (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, which can expose Arconic to substantial costs and
liabilities; and (l) the other risk factors summarized in Arconic’s Form
10-K for the year ended December 31, 2016, Arconic’s Forms 10-Q for the
quarter ended June 30, 2017 and other reports filed with the Securities
and Exchange Commission. Arconic disclaims any intention or 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:
Christa Zipf, 212-836-2605