Arconic Grants CEO John C. Plant and COO Elmer L. Doty Inducement Awards Pursuant to NYSE RULE 303A.08

February 15, 2019

NEW YORK–(BUSINESS WIRE)–Arconic Inc. (NYSE: ARNC) announced that it today granted an award of
1,000,000 restricted stock units to new Chief Executive Officer John C.
Plant, pursuant to its letter agreement with Mr. Plant, dated February
13, 2019, as well as an award of 385,000 restricted stock units to new
Chief Operating Officer Elmer L. Doty, pursuant to its letter agreement
with Mr. Doty, dated February 15, 2019. The restricted stock unit award
granted to Mr. Plant will vest on February 6, 2020, contingent on his
continued service as Chief Executive Officer, subject to prorated or
full accelerated vesting upon the occurrence of certain events, and the
restricted stock unit award granted to Mr. Doty will vest ratably over a
two-year period, contingent on his continued service as Chief Operating
Officer, subject to prorated or full accelerated vesting upon the
occurrence of certain events.

The awards were granted in reliance on the employment inducement
exemption under the NYSE’s Listed Company Manual Rule 303A.08, which
requires public announcement of inducement awards. Pursuant to the
requirements of that rule, Arconic is issuing this press release.

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, Instagram, Facebook, LinkedIn and YouTube.

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, statements and guidance regarding future financial results
or operating performance; statements about Arconic’s strategies,
outlook, business and financial prospects; and statements regarding the
strategy and portfolio review. 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 Arconic 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, which could cause actual results to differ
materially from those indicated by these statements. 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) competition from new product offerings, disruptive technologies or
other developments; (e) political, economic, and regulatory risks
relating to Arconic’s global operations, including compliance with U.S.
and foreign trade and tax laws, sanctions, embargoes and other
regulations; (f) manufacturing difficulties or other issues that impact
product performance, quality or safety; (g) 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; (h) the impact of cyber
attacks and potential information technology or data security breaches;
(i) changes in discount rates or investment returns on pension assets;
(j) the impact of changes in aluminum prices and 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, 2017 and other
reports filed with the U.S. Securities and Exchange Commission (SEC).
Market projections are subject to the risks discussed above and other
risks in the market. The statements in this release are made as of the
date of this release, even if subsequently made available by Arconic on
its website or otherwise. 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.

Media Contacts
Esra Ozer