This periodic newsletter offers a roundup of recent highlights from Alcoa's operations worldwide. Taken individually, these summaries provide insight into Alcoa's performance in the economic, environmental, and social realms. Taken together, they reveal the breadth of activity that ultimately delivers a sustainable outcome.

More detail about Alcoa can be found on our website, www.alcoa.com.

Alcoa 2004 Sustainability Report Published
Alcoa has released its 2004 Sustainability Report, a detailed review of the company's global environmental, social, and economic performance. This is the third year the report has been published and the first year for a separate executive summary.

Alcoa Named ''Most Admired'' Metals Company by FORTUNE
Alcoa was named one of FORTUNE magazine's "Most Admired Companies in America" and one of 10 companies named to the magazine's Hall of Fame list.

Alcoa Recipient of First-Ever Corporate Park Achievement Award
Alcoa earned the National Parks Conservation Association's first-ever Corporate Park Achievement Award for its work to permanently set aside 10,000 acres of land for preservation adjacent to the Great Smoky Mountain National Park in the United States.

Alain Belda Speech at National Manufacturing Week Available Online
Alcoa Chairman/CEO Alain Belda discusses how population and technology trends in Brazil, Russia, India, China, and Korea present both opportunities and challenges for today's global manufacturers.

Suralco Completes 250,000 MT Alumina Expansion in Suriname
Suralco, owned by Alcoa World Alumina and Chemicals, has completed the 250,000 metric-tons-per-year expansion of its alumina refinery in Paranam, Suriname, six months ahead of schedule.

Alcoa Completes Acquisition of Russian Fabricating Facilities
Alcoa completed the acquisition from RUSAL of two fabricating facilities in Samara and Belaya Kalitva in the Russian Federation for US$257 million.

Alcoa Employees Selected as Earthwatch Fellows
Fifteen Alcoa employees and contractors from locations worldwide have been selected as Earthwatch Institute fellows and will participate in scientific research expeditions as part of the company's overall conservation and sustainability efforts.

Dross Processing System Provides Benefits
An onsite hot dross processing system at Alcoa's Tennessee Operations (USA) has achieved significant safety, cost, and environmental benefits.

Asbestos Removal Technique Increases Protection, Reduces Costs
Through the use of a new technique to remove asbestos, Alcoa's Anglesea power station in Australia is increasing employee protection and comfort, decreasing costs, and accelerating the rate of removal by almost 90%.

Alcoa and Alcoa Foundation Invest US$28.8 Million in Communities
Alcoa and Alcoa Foundation released 2004 highlights from their combined community giving programs that include a US$28.8 million investment in Alcoa communities worldwide--a US$2 million increase from the previous year.

Alcoa Foundation Invests US$100,000 in Suriname's Only University
Alcoa Foundation is investing more than US$100,000 over four years in a program at Anton de Kom University of Suriname to strengthen research capabilities in the Department of Geology and Mining. Over the last five years, Alcoa Foundation has awarded more than US$1 million to non-profit agencies in Suriname.

We welcome your comments or questions on Alcoa's sustainability efforts. We won't necessarily reply to every e-mail we receive, but we do read and consider them all.

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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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