February 27, 2008 - 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 Again Named One of the World's Most Sustainable Companies
Alcoa was named one of the most sustainable corporations in the world in the fourth annual Global 100 ranking of the top role models in sustainable business practices, announced at the World Economic Forum in Davos, Switzerland. Alcoa has been on the list every year since the ranking was started in 2005 and is the only U.S. based company named to the list from the Materials sector.

Alcoa Named a Blue-Ribbon Company by Fortune Magazine
Alcoa has been selected a member of Fortune magazine's 2007 Blue-Ribbon Companies List. To be on the list, a company must appear on at least four Fortune lists in a calendar year.

Alcoa 2007 Revenues, Income, Cash From Operations Highest in Company's History
Alcoa achieved record results in revenues, income from continuing operations, and cash from operations for the full year 2007. Revenues for 2007 were $30.7 billion, compared to $30.4 billion in 2006.

Alcoa Sets Goal to Raise NA Aluminum Beverage Can Recycling Rate
Alcoa has established a goal to raise the industry's used beverage can (UBC) recycling rate in North America from its current 52% rate to 75% by 2015.

Alcoa to Sell Packaging and Consumer Businesses to Rank Group
Alcoa has agreed to sell its packaging and consumer businesses to New Zealand's Rank Group Limited for US$2.7 billion in cash. The transaction is expected to be completed by the end of the first quarter 2008.

Leadership Succession in Russia
Increasing the active involvement of Russian managers in leading the Alcoa Russia organization is an important part of integrating acquired Russian facilities into the Alcoa system.

Alcoa, Brunei Economic Development Board Sign MOU
Alcoa and the Brunei Economic Development Board (BEDB) signed a new memorandum of understanding (MOU) to enable more detailed studies into the feasibility of establishing a modern, gas-powered aluminum smelter in Brunei Darussalam.

Alcoa Becomes Founding Reporter of The Climate Registry
Alcoa has become a Founding Reporter on The Climate Change Registry, a non-profit organization that measures and publicly reports greenhouse gas emissions (GHG) in a common, accurate and transparent manner consistent across industry sectors and borders. Alcoa is among the first companies to join the organization.

Alcoa Partners with Chinalco to Acquire 12% Stake in Rio Tinto
Alcoa is partnering with Aluminum Corporation of China (Chinalco) to acquire 12 percent of the UK common stock of Rio Tinto plc. Alcoa will contribute up to US$1.2 billion to the total investment.

Sustainability Initiative Reduces Environmental Impact, Costs
Through participation in a city-initiated sustainability initiative, Alcoa's Hildesheim, Germany, location decreased its environmental impact, improved relationships with local stakeholders, and achieved more than US$136,000 (€92,000) in annual cost savings.

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

More from Alcoa Inc.