Alcoa Elects Carol Roberts to Board of Directors

January 23, 2014

Alcoa (NYSE: AA) today announced that its Board of Directors has elected
Carol L. Roberts a director of the Company and member of the Audit
Committee of the Board.

Ms. Roberts, 54, is Senior Vice President and Chief Financial Officer of
International Paper Company (IP), a global leader in packaging and paper
with manufacturing operations in 24 countries and 2012 net sales of $28
billion. Her career spans engineering, manufacturing, business
management, human resources and finance, bringing a strong set of
cross-functional experiences to the Alcoa Board.

“Carol has been a highly successful leader, delivering proven results at
every level from operating mill to global business group,” said Alcoa
Chairman and Chief Executive Officer Klaus Kleinfeld. “With her finance
and operational experience and passion for developing talent, Carol’s
counsel and perspective will further strengthen our Board as we continue
the repositioning of Alcoa.”

Before being named CFO in 2011, Ms. Roberts led IP’s largest business,
the Industrial Packaging Group. While in that role, she led IP’s
acquisition of Weyerhaeuser’s packaging business. As Vice President of
People Development for three years, she developed human resources
programs that have had a major impact on IP’s talent posture and
employee engagement. Ms. Roberts has served in a variety of operational
and technical roles since beginning her career with IP in 1981 as an
associate engineer at the company’s Mobile, Alabama mill.

Ms. Roberts holds a Bachelor of Science Degree in Mechanical Engineering
from Yale University.

About Alcoa

Alcoa is a global innovation leader in lightweight metals, products and
solutions. Its technology, expertise and industry reach continue to
advance automotive and aerospace transportation, building and
construction, consumer electronics and packaging, defense applications
across air, land and sea, and the oil and gas industry. Alcoa pioneered
the modern-day aluminum industry 125 years ago and today is a leader in
delivering value-add products made from a range of lightweight metals
and flat-rolled aluminum. Alcoa is also a world leading producer of
primary aluminum, as well as the world’s largest miner of bauxite and
refiner of alumina. Alcoa has been a member of the Dow Jones
Sustainability Index for 12 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 60,000 people in 30
countries around the world. For more information, visit www.alcoa.com,
follow @Alcoa on Twitter at www.twitter.com/Alcoa
and follow us on Facebook at www.facebook.com/Alcoa.

Alcoa
Investor Contact:
Kelly Pasterick, 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contact:
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com