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 Receives Highest Ranking on Corporate Governance
Alcoa received a 10 rating--the highest rating available for corporate governance--by Governance Metrics International, the world's first corporate governance ratings agency.

Alcoa-CITIC Joint Venture Inaugurated
Alcoa inaugurated its new joint venture with China International Trust & Investment (CITIC), its equity partner in Alcoa Bohai Aluminum Industries Company Limited, to produce aluminum rolled products at the Bohai plant in Qinghuangdao, China.

AFS Creates Two New Manufacturing Facilities in China
Alcoa Fastening Systems will create two new 50,000 square-feet manufacturing sites in the Suzhou Industrial Park. This follows the opening earlier this year of AFS' full service logistics center in Shanghai.

Alcoa Approves Investments in Brazil That Will Total US$1.6 Billion
Alcoa has approved investments in Brazil that will total US$1.6 billion in the company's Brazilian upstream operations.

Alcoa Signs Letter of Intent with Seohan Group
Alcoa signed a letter of intent with Seohan Group of Korea to form an alliance to produce cast aluminum chassis and suspension components and modules for the automotive industry in South Korea, Japan, China, and Australia.

Alcoa Automotive Castings Wins Supplier Award from Delphi
Alcoa Automotive Castings received the Best Supplier Award from Delphi's Energy & Chassis Division in Saginaw, Michigan.

Alcoa Announces Recipients of 2005 EHS Achievement Awards
Alcoa announced the 13 recipients of its 2005 Environment, Health, and Safety Achievement Awards, which recognize outstanding effort in the EHS performance of Alcoa businesses worldwide.

Bringing EHS, Sustainability Awareness to the Community
Alcoa's AFL do Brasil location in Itajubá has implemented an extensive community awareness program on topics related to EHS and sustainability.

Coating Reformulation Brings Environmental, Economic Benefits
Alcoa's Warrick Operations in Indiana (USA) reformulated the coatings it uses to gain long-term environmental and economic benefits.

Alcoa Grants Conservation Easements to Nature Conservancy"
Alcoa Power Generating Inc. granted to The Nature Conservancy, at no cost, permanent conservation easements covering approximately 5,900 acres and term conservation easements on an additional 3,975 acres of land.

Alcoa Named One of Top 50 Employers for Minorities
Alcoa was named one of the top 50 U.S. employers for minorities by Fortune magazine.

Worldwide Week of Service Engages Employee Volunteers
More than 6,000 Alcoa employees in over 185 communities volunteered their time as part of the Alcoa Worldwide Week of Service, a volunteer event focusing on safe and healthy children and families.

Alcoa Foundation Awards Grant to Leifur Eiriksson Foundation
Alcoa Foundation has invested US$300,000 in a scholarly exchange program that will be administered by the Leifur Eiriksson Foundation to advance study and research between Iceland and the U.S.

Alcoa Contributes US$1.3 Million to Build Sports Facility in Iceland
Alcoa is contributing US$1.3 million to build a state-of-the-art sports facility in East Iceland that will include a full-length football (soccer) field and a 100-meter track.

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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