Alcoa Foundation President Paula Davis Elected Vice President of Alcoa

February 1, 2012

NEW YORK–Alcoa (NYSE:AA) announced today that the Alcoa Board of Directors has
elected Paula Davis a vice president of the company. Davis has been
President of the Alcoa Foundation since 2010. Founded more than 50 years
ago, Alcoa Foundation is one of the largest corporate foundations in the
United States, having invested more than $530 million since 1952.

“Under Paula’s leadership, the Alcoa Foundation has significantly
increased employee volunteerism at all levels and strengthened Alcoa
communities worldwide by creating innovative partnerships that promote
sustainable environments and advance Science, Technology, Engineering
and Math (STEM) education and workforce development in manufacturing,”
said Nicholas Ashooh, Alcoa Vice President Corporate Affairs.

Before joining Alcoa, Davis was Vice President, Corporate Communications
for The Pepsi Bottling Group, where her responsibilities included
overseeing the PBG Foundation as well as leading the company’s external,
internal, executive and customer communications programs.

Davis also held senior positions with Siemens USA where she was
Executive Officer and Senior Director of Siemens’ Corporate
Communications and Relationship Marketing programs as well as positions
in its media and public relations groups. Her earlier experience
includes strategic internal and media relations positions with,
an online sports e-tailer; Arthur Andersen; Sears, Roebuck and Company;
and Sara Lee Corporation.

Davis has an MBA in marketing and organizational behavior from the
Northwestern University Kellogg Graduate School of Management and a
bachelor’s degree in English and Psychology from the University of
Michigan. She was named a 2011-2012 David Rockefeller Fellow by the
Partnership for New York City and has also been recognized by Profiles
in Diversity Journal
as a “Woman Worth Watching in 2012.

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 10 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 31
countries across the world. More information can be found at