Alcoa Board of Directors Elects John Kenna Vice President, Tax; Olivier Jarrault Elected Executive Vice President

January 21, 2011

NEW YORK–Alcoa (NYSE:AA) announced today that its Board of Directors has elected
John Kenna, 50, as Vice President, Tax and an Officer of the company. He
had been serving as Acting Director of the Tax Department since May
2010. The Board also elected Olivier Jarrault, 49, to the additional
position of Executive Vice President of the Company. He was recently
appointed President, Alcoa Engineered Products and Solutions.

In announcing Mr. Kenna’s promotion, Chuck McLane, Alcoa Executive Vice
President and Chief Financial Officer, said: “John has played an
important role in supporting transactions, tax accounting, tax planning
and completing IRS audits. I’m confident of his ability to lead the Tax
Department, as we continue to operate and deal with the inherent
complexities of operating in tax jurisdictions around the globe.”

Mr. Kenna joined Alcoa in 2002 after a successful career as a tax
partner in Ernst & Young’s International Tax Group, where he coordinated
tax activities for large multinational clients. While working in all
areas of Alcoa’s Tax Department, Mr. Kenna has focused most of his
activities on international transactions, compliance and tax accounting.
A Certified Public Accountant, Mr. Kenna holds a bachelor’s degree in
Accounting from The Pennsylvania State University.

Earlier this month, Mr. Jarrault was named President of Alcoa’s
Engineered Products and Solutions (EPS) business group, which comprises
six global businesses involved in the aerospace, automotive, commercial
transportation, building and construction, oil and gas, and fastening
systems markets. Together, the EPS businesses had revenues of $4.6
billion in 2010. Previously, he was chief operating officer for Alcoa
Engineered Products and Building Systems where he was responsible for
the Alcoa Fastening Systems, Alcoa Wheel and Transportation Products,
and Building and Construction Systems businesses. Mr. Jarrault was
elected a vice president of Alcoa in 2006.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated
aluminum, as well as the world’s largest miner of bauxite and refiner of
alumina. In addition to inventing the
modern-day aluminum industry, Alcoa innovation has been behind major
milestones in the aerospace, automotive, packaging, building and
construction, commercial transportation, consumer electronics and
industrial markets over the past 120 years. Among the solutions Alcoa
markets are flat-rolled products, hard alloy extrusions, and forgings,
as well as Alcoa® wheels, fastening systems, precision and investment
castings, and building systems in addition to its expertise in other
light metals such as titanium and nickel-based super alloys.
Sustainability is an integral part of Alcoa’s operating practices and
the product design and engineering it provides to customers. Alcoa has
been a member of the Dow Jones Sustainability Index for nine consecutive
years and approximately 75 percent of all of the aluminum ever produced
since 1888 is still in active use today. Alcoa employs approximately
59,000 people in 31 countries across the world. More information can be
found at