The Board of Directors of Arconic (NYSE: ARNC) today declared a dividend
of $6.71875 per share on the Company’s outstanding 5.375% Class B
Mandatory Convertible Preferred Stock (“Class B Stock”) payable January
1, 2017 to holders of record of the Class B Stock at the close of
business on December 15, 2016.

The dividend on the Class B Stock is equivalent to a dividend of
$0.671875 per Depositary Share (each Depositary Share representing a
1/10th interest in a share of the Class B Stock).

Dissemination of Company Information

Arconic intends to make future announcements regarding Company
developments and financial performance through its website at www.arconic.com.

About Arconic

Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
information: www.arconic.com.
Follow @arconic: Twitter,
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Facebook,
LinkedIn
and YouTube.

Arconic
Investor Contact:
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
Media Contact:
Shona Sabnis, 212-836-2626
Shona.Sabnis@arconic.com