Alcoa Announces Record Employee Volunteerism Rate

Alcoa (NYSE: AA) announced today a record 56 percent, or more than
31,000 employees, volunteered in their communities during the company′s
annual Worldwide Month of Service held in October. The 14 percent
increase over last year beats U.S. company- sponsored volunteer
programs, which average between 17 and 31 percent, according to the
Boston College Center for Corporate Citizenship.

'Volunteers are a vital part of any community,? said Klaus Kleinfeld,
Chairman and CEO, Alcoa. 'In many cases, their donations of time and
talent fill the resource gap that nonprofit organizations and
communities face, especially during tough economic times.?

'At Alcoa, we actively encourage employees to get involved through
direct service volunteering such as participating on nonprofit boards
and offering their skills as mentors or advisors,? Kleinfeld said. 'This
is how positive change happens ? when we come together, each with our
own abilities and enthusiasm, to tackle the challenges around us. We are
proud that Alcoa exceeded its volunteer goals this year and grateful for
our many nonprofit partners around the world who are helping us make a
difference in our communities.?

Alcoaemployees from 24 countries participated in more than 1,200
projects to support local causes during the annual community service
month. They partnered with more than 1,800 nonprofits and reached more
than 890,000 community members with tangible impacts:

• 
  Planted more than 34,000 trees, improved more than 170 rivers and parks
  
• 
  Conducted more than 130 environmental workshops
  
• 
  Recycled more than 87,300 aluminum cans and distributed more than
  4,400 recycling bins
  
• 
  Supported 360 schools by repairing infrastructure, improving literacy
  and advancing STEM (science, technology, engineering and math)
  education
  

'We′re proud to announce this landmark employee achievement on UN
International Volunteer Day, a special day dedicated to building
stronger communities through volunteerism worldwide,? said Paula Davis,
President, Alcoa Foundation. 'We are also pleased to announce the
winners of Alcoa′s "Spirit of Volunteering′ employee photo contest in
celebration of this important worldwide volunteer day.?

Winners were selected by Alcoa employees, Alcoa Chairman and CEO Klaus
Kleinfeld, Alcoa Executive Council, the senior leadership group, Alcoa
customers and Alcoa Foundation nonprofit partners.Each winner
will receive a US$5,000 grant from Alcoa Foundation for their favorite
charity. The winners are from Brazil, China, Jamaica, Russia, Spain and
Suriname. Visit http://www.alcoa.com/monthofservicetoview
the winning photos.

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 59,000 people in 31
countries across the world. More information can be found at www.alcoa.com.

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the
U.S., with assets of approximately US$436 million. Founded more than 50
years ago, Alcoa Foundation has invested more than US$530 million since
1952. In 2010, Alcoa Foundation contributed nearly US$20 million to
nonprofit organizations throughout the world, focusing on promoting
environmental stewardship, enabling economic and social sustainability,
and preparing tomorrow′s leaders through education and learning. The
work of Alcoa Foundation is further enhanced by Alcoa′s thousands of
employee volunteers, who in 2010 gave more than 720,000 service
hours. ?Through the company′s signature Month of Service (October)
program, Alcoa employees share their energy, passion and purpose to make
a difference in our communities. In 2010, a record 49 percent of Alcoans
took part in nearly 1,000 Month of Service events across 24 countries,
reaching 59,000 children, serving 17,000 meals, planting 16,000 trees
and supporting 3,000 nonprofit organizations. For more information about
Alcoa Foundation, please access www.alcoa.com/foundation.

Alcoa

Nacema Blake

Office: 212-836-2825

Cell: 347-421-1827

Nacema.blake@alcoa.com