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 2006 Sustainability Reporting Now Available
Alcoa's online sustainability reporting has been updated to reflect 2006 activities. The 2006 Sustainability Highlights document is also available as a downloadable PDF.

Alcoa Named to FORTUNE Magazine's "Most Admired" List
For the 24th year in a row, Alcoa was named one of FORTUNE Magazine's Most Admired Companies in the publication’s annual ranking. In 2005, Alcoa was inducted into the publication’s Hall of Fame list for its consistent high performance in the magazine’s rankings.

Alcoa CSI Colombia Earns Highest Social Responsibility Rating from Coca-Cola
Following a third-party assessment of its performance against basic human rights and labor standards for customer Coca-Cola, the Alcoa Closure Systems International (CSI) facility in Colombia earned the highest rating available and a spot at the top of the global beverage manufacturer's chain of suppliers.

Alcoa Joins Business, Investment Leaders in Climate Call to Action
Alcoa has joined with a group of businesses and institutional investors organized by Ceres in a call to action for the U.S. government to establish a national policy on climate change.

Alcoa Establishes Innovation Center in Russia
Alcoa has established an Innovation Center of Excellence with leading universities in Russia to work on research and development projects focused on innovative mining, refining, and smelting technologies.

Alcoa Employees to Research Environment as Earthwatch Fellows
Alcoa employees will again be participating in Earthwatch scientific field research expeditions around the world that focus primarily on climate change and global water supply-issues of great importance to Alcoa. The employees will share their unique experiences through individual diaries posted on www.alcoa.com.

New Incident Investigation Technique Results in Improvement
By shifting its focus from investigating unsafe conditions and actions after an incident to existing weaknesses within the organization, Alcoa's Alumar facility in São Luís, Brazil, eliminated 457 injury risks and posted its best injury rate ever in 2006.

Union, Management Jointly Work to Decrease Injuries
An effort to improve workplace safety that was spearheaded jointly by union and management employees at Alcoa's Tennessee Operations achieved a 90% reduction in lost workdays and a 50% decline in the total recordable rate in 2006.

Suggestion Systems Reduce Costs, Improve EHS, Engage Employees
Half a world apart, two suggestion systems implemented independently in the same year and with a similar structure are engaging employees and delivering improved safety and significant cost savings at Alcoa operations in Jamaica and Western Australia.

Alcoa Embraces Decision on Vatnajokull National Park
Alcoa embraces the decision of Althing (Parliament of Iceland) to establish Europe's biggest natural reserve. The Vatnajökull National Park will cover a total of 15,000 square kilometers (just under 6,000 square miles) and include Vatnajökull, Europe's biggest glacier.

Helping High-Risk Youth Prepare for the Future
Alcoa Foundation is partnering with Roca, Inc., a nonprofit community organization, on innovative projects to train and employ at-risk youth, funded in part through a US$50,000 Alcoa Foundation grant.

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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