Alcoa and Alcoa Foundation Announce Annual 2012 Giving Totaling More than $40 Million and 800,000 Hours of Volunteerism

Alcoa (NYSE:AA) and Alcoa Foundation announced combined community giving
of more than $40 million in 2012, compared with $38 million in 2011, as
well as 800,000 hours of employee volunteerism worth $29 million. The
annual giving results were released today in recognition of
International Corporate Philanthropy Day, which celebrates
business-community partnerships around the world.

Alcoa Inc. contributed $18 million last year to support projects and
partnerships with non-governmental and nonprofit organizations around
the world. In addition, Alcoa Foundation directed $21.5 million in
funding towards enhancing the environment, educating tomorrow's
workforce for careers in advanced manufacturing and engineering, and
strengthening communities where Alcoa operates around the world. In
Brazil, Instituto Alcoa distributed $1.5 million towards programs that
meet the needs of people and communities near Alcoa′s operations.

'Recognizing the changing demographics of the global workforce, in 2012,
Alcoa Foundation began to focus more on targeted programs that reach
diverse populations, particularly in Science, Technology, Engineering
and Math (STEM) education and workforce development in manufacturing,?
said Paula Davis, President, Alcoa Foundation and Vice President, Alcoa
Inc.

'International Corporate Philanthropy Day is a great way to celebrate
the breadth of work that corporations do around the world and, for
Alcoa, highlight our regional efforts that serve diverse individuals,
from women and girls in Canada to people with disabilities in Brazil to
minorities in the U.S. While diversity is defined differently across
geographic regions, our goals are the same ? to prepare the next
generation of leaders for prosperous and satisfying careers in STEM and
manufacturing,? said Davis.

Focus on diversity

According to an analysis by the Society for Human Resource Management,
North American companies embrace change that involves greater diversity
overall. In Western Europe, there is a stronger focus on attracting and
retaining female employees, with less emphasis on other minority groups.
In Asia, companies believe they are already diverse, but that additional
measures would ensure future growth. Alcoa sees opportunities across the
board and is already seeing advancements.

Alcoa Foundation Diversity Investment Highlights:

• National
  Society of Black Engineers ? NSBE's Summer Engineering Experience
  for Kids (SEEK) program increases elementary school students' aptitude
  in math and science and their interest in pursuing STEM career fields,
  by having them engage in interactive, team-based engineering projects.
  
• Society
  of Hispanic Professional Engineers ? Noche de Ciencias for
  students in K-12, is a hands-on event that promotes knowledge and
  interest about science and engineering as well as scholarship and
  college opportunities. In addition, there are college preparation and
  financial workshops for parents that are facilitated in English and
  Spanish.
  
• Society
  of Women Engineers ? Student chapters at University of Michigan,
  North Carolina A&T State University, Ohio State University, Purdue
  University and the University of Tennessee use a variety of
  programming to spark girls' interest in engineering and technology,
  enhancing their understanding and awareness of STEM-related careers.
  
• FHI
  360 ? Four Pillars PLUS improves primary and secondary education
  for 500 girls in Guinea by providing scholarships, mentors, workforce
  readiness workshops, professional development for teachers, and
  support for Parent-Teacher Associations, with an emphasis on the
  mobilization of mothers.
  
• Carrefour
  Jeunesse-Emploi de Portneuf ? Through exploration workshops,
  internships and publications, Women Who Dare improves the financial
  situations of women in Canada without diplomas and increases the
  number of women working in untraditional trades.
  
• Civic
  Center Public Utility Foundation ? The Hello Work online
  employment agency gives blind or weak-sighted people in Hungary an
  opportunity to reach the job market.
  

Catalyst Award

Earlier this year, Alcoa was named a 2013 Catalyst Award recipient,
honoring innovative organizational approaches that address the
recruitment, development, and advancement of women in the workplace.
Alcoa was recognized for its global initiative, 'Building Opportunities
for Women in a "Hard Hat′ Company,? which showcases how the Company
broke down barriers in a male-dominated industry and achieved greater
gender representation and inclusivity through an aggressive diversity
agenda.

Record Employee Volunteerism

In 2012, Alcoa achieved record employee-community engagement, with 60
percent of employees participating in the company′s annual Month of
Service. In total, Alcoa′s global workforce volunteered more than
800,000 hours, 15 percent of which was skills-based, and the equivalent
of 385 people working full-time for a year.

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the
U.S., with assets of approximately US$460 million. Founded 60 years ago,
Alcoa Foundation has invested more than US$570 million since 1952. In
2012, Alcoa Foundation contributed more than US$21 million to nonprofit
organizations throughout the world, building innovative partnerships to
improve the environment and educate tomorrow′s leaders for careers in
manufacturing and engineering. The work of Alcoa Foundation is further
enhanced by Alcoa′s thousands of employee volunteers who share their
talents and time to make a difference in the communities where Alcoa
operates. Through the Company′s signature Month of Service program, in
2012, a record 60 percent of Alcoa employees took part in more than
1,050 events across 24 countries, benefiting more than 450,000 people
and 2,050 nonprofit organizations. For more information, visit www.alcoafoundation.com
and follow @AlcoaFoundation on Twitter.

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 125 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 11 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 30
countries across the world. For more information, visit www.alcoa.com
and follow @Alcoa on Twitter
at twitter.com/Alcoa.

Media Contact

Alcoa Foundation

Malika Harrison, 212-836-2610

or

Alcoa
Inc.

Christa Bowers, 212-836-2605