Alcoa Forged Aluminum Wheels Selected for Ferrari 458 Italia

Alcoa (NYSE:AA) announced today that its Alcoa Auto Wheels business is
supplying lightweight forged aluminum wheels for the new and critically
acclaimed Ferrari 458 Italia.

The use of forged aluminum wheel technology pioneered by Alcoa ensures
that the front wheel weighs just 22.8lbs. (10.3kg), while the rear wheel
weighs 25.3lbs. (11.5kg), a significant saving compared to a typical
cast aluminum wheel and a result that is only achievable with a forging
process.

These weights are all the more remarkable in view of the sizes; wheel
diameters are increased to 20 inches to accommodate large carbon-ceramic
brake discs, and rim widths of 8.5 inches (front) and 10.5 inches (rear)
are required by the latest generation of high performance tires.

Lower wheel mass decreases rotational inertia, meaning forged wheels
require less energy to spin up to speed during acceleration. This also
helps reduce the gyroscopic effect of high speed rotation, improving
steering response and performance. The lightweight wheels also improve
grip, traction and braking resulting in better vehicle control and a
smoother ride, because Alcoa′s wheels stay in contact with the road
better than heavier cast wheels.

'The weight saving possible with Alcoa′s forged aluminum wheels helps to
achieve the sharp handling and steering response for which Ferrari is
famous,? says Victor Marquez, Vice President and General Manager, Alcoa
Auto Wheels.

'As well as styling freedom, Alcoa′s forged wheels offer a
quick-to-market, cost-effective weight reduction,? explains Marquez. 'We
are able to provide new wheel programs rapidly to meet vehicle launch
schedules.?

Alcoa is building a growing number of relationships with prestigious
OEMs worldwide; its relationship with Ferrari has been built up over
several model generations, of which the 458 application is the latest.
Wheels for the new Ferrari are forged at Alcoa′s Cleveland, Ohio (US)
Works Plant. For more information, visit www.strongwheels.com.

About Alcoa

Alcoa is the world′s leading producer of primary aluminum, fabricated
aluminum and alumina. In addition to inventing the modern-day aluminum
industry, Alcoa innovation has been behind major milestones in the
aerospace, automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa ® wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa′s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for nine consecutive years and approximately
75 percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 59,000 people in 31
countries across the world. More information can be found at www.alcoa.com.

About Alcoa Wheel and Transportation Products

Alcoa Wheel and Transportation Products, headquartered in Cleveland,
Ohio, serves the commercial vehicle, automotive, and defense markets
with products used in a range of applications including forged aluminum
wheels, aluminum space frames, specialized vacuum die cast products,
niche products such as Dura-Bright ® and Dura-Flange ® wheels and
M-Series? medium truck wheels, as well as a variety of other aluminum
components for these markets. AWTP is composed of three divisions:
Transportation Products, Commercial Vehicle Wheels, and Automotive
Wheels. It employs 2,800 people at 30 locations worldwide.

Alcoa

Brian E. Thomas, 216-641-4643

Marketing Communications
Specialist, Global

brian.thomas@alcoa.com

or

Mike
Belwood, 812-604-0530

Mike.belwood@alcoa.com

or

David
Yates, (44) 7989 973723

Marketing Manager, Europe

david.yates2@alcoa.com