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 Recognized as a Top Green Company
Alcoa has been named one of the top green companies in the world by BusinessWeek magazine and the Climate Group in recognition of its performance in reducing greenhouse gas (GHG) emissions.

Alcoa Takes Full Ownership in Tianjin Joint Venture
Alcoa purchased the 30% interest in the Alcoa Closure Systems International (Tianjin) Co., Ltd. joint venture currently owned by its partner China Suntrust Investment Group Co., Ltd. The joint venture was established in 1994 to produce plastic closures for beverages.

Alumar Consortium Starts Up Smelter Expansion in São Luís, Brazil
Alcoa started its third expansion at the Alumar Consortium in São Luís, Brazil. When the 100 new pots of the expansion are up and running, plant capacity will total 440,000 metric-tons-per-year, a 17% increase over current capacity.

Alcan, Alcoa, and Government of Guinea Sign Refinery Agreement
Alcan and Alcoa World Alumina signed a basic agreement with the Government of Guinea that sets forth the framework for development of a 1.5 million metric-tons-per-year alumina refinery with further expansion potential.

Alcoa Announces Modernization Project in Hungary
Alcoa announced a US$83 million investment in a major modernization project at Alcoa-Kofem Ltd., its operations in Hungary. The project will create nearly 200 new jobs.

Ferrari and Alcoa Announce Strategic Partnership
Ferrari and Alcoa have formed a long-term strategic partnership focused on creating advanced aluminum spaceframe technology for future generations of Ferrari vehicles.

Alcoa Obtains Low-Impact Hydropower Certification
The Low Impact Hydropower Institute has certified Alcoa Power Generating Inc.'s Tapoco hydroelectric project as an environmentally-responsible, low-impact hydropower project that meets and exceeds the most stringent operating requirements recommended by expert state and federal resource agencies.

Alcoa Co-Hosts Conservation Workshop in Suriname
Conservation International jointly hosted a two-day multi-stakeholder workshop with the Mining Joint Venture of BHP Billiton Maatschappij Suriname and Alcoa. Participants at the workshop discussed preliminary results from biological studies and research and made recommendations for conservation in these important areas.

Brazil Expansion Project Achieved with Zero Lost Workdays
The creation of an environment, health, and safety management system for an expansion project at Alcoa's industrial complex in São Luís, Brazil, resulted in zero lost workdays and a total recordable rate below 0.24--the best for any recent construction work carried out by Alcoa.

AFL Automotive Recognized for Employment Practices
Alcoa's AFL Automotive business in Torreon, Coahuila, Mexico was recognized by the President of Mexico Vicente Fox as an Inclusive Company for 2005 because of its policy and efforts in employing physically challenged people.

Alcoa Investment Promotes Diversity in the Workplace
Alcoa invested more than US$850,000 in 23 universities across the United States as part of its Campus Partnership Program, which supports the company's commitment to build a diverse workforce that exemplifies leadership and excellence.

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.

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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