NEW YORK - October 24, 2007 - Alcoa Foundation today announced that it has contributed $50,000 to the Orange County, California Chapter of the American Red Cross for disaster relief efforts following devastating wildfires in Southern California.

The wildfires that began on Sunday have devastated over 200,000 acres of land, destroyed thousands of homes, forced the evacuation of 750,000 residents, and have caused several injuries and fatalities.

Alcoa (NYSE:AA) employs 3,000 people in California at its Alcoa Fastening Systems and Kawneer Company businesses. Alcoa has five operating locations in the affected counties of Los Angeles, Venture and Orange.

About Alcoa Foundation

Alcoa Foundation is a separately constituted nonprofit U.S. corporate foundation with assets of approximately $534 million. Its mission is to actively invest in the quality of life in Alcoa communities worldwide. Throughout its history, the Foundation has been a source of positive community change and enhancement, with nearly $437 million invested since 1952. To learn more about Alcoa Foundation, visit www.alcoa.com under Community.

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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