NEW YORK - Alcoa will be honored this evening by the Brazil Foundation for its social investment in education in Brazil through Instituto Alcoa and Fundacao Alcoa (Alcoa Foundation) in Brazil. The Brazil Foundation, which is based in New York, is a non-profit organization dedicated to projects that promote social change in Brazil in five key areas: education, health, human rights, citizenship and culture. Alcoa Chairman and CEO Alain Belda will be recognized at the organization's Second Annual Gala to be held at the Cipriani in New York City.

Alcoa has a long-standing relationship with Brazil, having established Alcoa Aluminio, its Brazilian affiliate, in 1967. Mr. Belda was instrumental in the creation of Instituto Alcoa in Brazil in 1994, when he was president of Alcoa Aluminio. Instituto Alcoa, modeled after the U.S.-based Alcoa Foundation, was founded to provide ongoing and meaningful community investment in the communities where Alcoa Aluminio operated.

Mr. Belda was also instrumental in encouraging collaboration among other foundations in Brazil.

The mission of the Alcoa Foundation is to be a global resource that actively invests in the quality of life in Alcoa communities worldwide. Under Mr. Belda's leadership as Chairman and CEO, Alcoa and Alcoa Foundation continue to donate millions of dollars in community investment grants in Alcoa communities worldwide.

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Alcoa Inc.

Alcoa Inc.

Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com

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