Arconic Board Approves Quarterly Dividend

December 3, 2018

NEW YORK–(BUSINESS WIRE)–The Board of Directors of Arconic (NYSE: ARNC) today declared a dividend
of 93.75 cents per share on Arconic’s $3.75 Cumulative Preferred Stock
(“Class A Stock”), payable on January 1, 2019, to the holders of record
of the Class A Stock at the close of business on December 14, 2018.

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

Investor Contact
Paul T. Luther
(212) 836-2758

Media Contact
Justin Falce
(412) 553-2666