Alcoa Achieves Top Marks in Covalence Ethical Reputation Ranking

February 3, 2010

NEW YORK–Alcoa (NYSE:AA) announced today it has achieved the top spot in the
Basic Resources category in the latest Covalence Ethical Rankings, a
comprehensive study of the overall ethical performance of multinational
corporations. Covalence’s reputation index, distributed by Thomson
Reuters, Bloomberg and Capital IQ, is a barometer of how multinationals
are perceived in the ethical field.

Alcoa has been rated No. 1 in this category since the ranking began in
2005. Across all industries and companies, Alcoa placed 11th
out of the 581 companies tracked.

Covalence, based in Geneva, Switzerland, has developed a methodology
that uses a range of criteria, including labor standards, waste
management, and human rights policy. It evaluates multinational
organizations within 18 sectors. Because it is a reputation index, the
Covalence survey also incorporates media, industry and non-governmental
organization documents in its evaluation.

“I am proud of Alcoa’s continued leadership position in this annual
ethics ranking, which is regarded as a barometer of how multinationals
are perceived in the ethics field. Alcoa Values are engrained in our
culture, and every day Alcoa employees around the world put these Values
into practice,” said Alcoa President and Chief Executive Officer Klaus

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 59,000 people in 31 countries across
the world. More information can be found at