RUSNANO and Alcoa Sign a Memorandum of Understanding

October 29, 2009

NEW YORK–Alcoa (NYSE:AA) President and CEO Klaus Kleinfeld and RUSNANO CEO
Anatoly Chubais have signed a Memorandum of Understanding to explore
opportunities for applying nanotechnology in the aluminum industry. The
two companies have identified several promising technical and commercial
fields to begin pursuing together. These include off-shore oil and gas
drilling systems, high-efficiency power transmission, next-generation
lighting, energy-efficient buildings and transportation systems and
green packaging.

The signing took place during a visit by a RUSNANO delegation to Alcoa’s
New York headquarters and the Alcoa Technical Center in Pittsburgh,

Commenting on the results of the visit, Klaus Kleinfeld, Alcoa President
and CEO, said: “This partnership with RUSNANO offers great promise for
Alcoa and the entire aluminum industry. Building on our existing
investment and presence in Russia, we are proud to be a partner of the
leading Russian nanotechnology institution.”

Alcoa has been present in Russia since 1993. In 2005, the company
purchased two leading aluminum fabricating facilities Alcoa SMZ
(formerly the Samara metallurgical plant) and Alcoa Metallurg Rus
(formerly Belaya Kalitva metallurgical production plant.). Alcoa has
modernized the facilities, investing more than $750 million in upgrades.
Together with RUSNANO, Alcoa continues that modernization with the new
development of cutting-edge, advanced technologies for aluminum
production in Russia. The Company anticipates the partnership will not
only contribute to the increase in the aluminum products consumption in
the country, but will also assist in diversifying and innovating the
Russian economy.

RUSNANO CEO Anatoly Chubais stated: “Having been established in 2007,
our Corporation has occupied a very active position in working with the
world’s leading companies and scientific institutions on developing and
localizing the nanotechnologies in Russia. We work in cooperation with
the most renowned Russian scientists and experts to identify and
commercialize the innovative technologies that will take the Russian
economy to the next level of development. I am confident that the
Memorandum of Understanding that we signed with Alcoa, one of the global
leaders in the production of aluminum and aluminum products, is a first
step on the road to a very beneficial joint cooperation that will
heavily rely on both parties’ expansive knowledge and expertise. With
Alcoa, we are looking forward to the implementation of the concrete
projects of bringing nanotechnologies’ advantage for the creation of the
new generation aluminum products for the Russian and export markets.”

About Alcoa

Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa’s businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems, precision and investment
castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for eight consecutive years. Alcoa employs
approximately 63,000 people in 31 countries across the world. More
information can be found at


The Russian Corporation of Nanotechnologies (RUSNANO) was established in
2007 to effect Government policy in the field of nanotechnology. RUSNANO
co-invests in nanotechnology industry projects that have high commercial
potential or considerable social benefit. Early-stage investment by
RUSNANO lowers the risks to partners in investment from the private
sector. RUSNANO participates in building nanotechnology infrastructure,
provides educational programs, and supports the popularization of
nanoscience and nanotechnology. To enable the Russian nanotechnology
industry to strengthen its international links and to advance to the
global market, RUSNANO develops partnerships with the world’s leading
nanotechnology centers and organizes the annual Nanotechnology
International Forum in Russia. To learn more about RUSNANO and to submit
your project for the investment consideration, please visit our website