Arconic Issues Statement on Reynobond PE

June 26, 2017

Arconic Inc. (NYSE: ARNC) today issued the following statement:

The loss of lives, injuries and destruction following the Grenfell Tower
fire are devastating, and our deepest condolences are with everyone
affected by this tragedy. We have offered our full support to the
authorities as they conduct their investigations.

While the official inquiry is continuing and all the facts concerning
the causes of the fire are not yet known, we want to make sure that
certain information is clear:

  • Arconic supplied one of our products, Reynobond PE, to our customer, a
    fabricator, which used the product as one component of the overall
    cladding system on Grenfell Tower. The fabricator supplied its portion
    of the cladding system to the façade installer, who delivered it to
    the general contractor. The other parts of the cladding system,
    including the insulation, were supplied by other parties. We were not
    involved in the installation of the system, nor did we have a role in
    any other aspect of the building’s refurbishment or original design.
  • While we provided general parameters for potential usage universally,
    we sold our products with the expectation that they would be used in
    compliance with the various and different local building codes and
    regulations. Current regulations within the United States, Europe and
    the U.K. permit the use of aluminum composite material in various
    architectural applications, including in high-rise buildings depending
    on the cladding system and overall building design. Our product is one
    component in the overall cladding system; we don’t control the overall
    system or its compliance.

Nevertheless, in light of this tragedy, we have taken the decision to no
longer provide this product in any high-rise applications, regardless of
local codes and regulations.

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
Follow @arconic: Twitter,
and YouTube.

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Arconic Inc.
Investor Contact:
Patricia Figueroa, 212-836-2758
Media Contact:
Shona Sabnis, 212-836-2626