Alcoa Takes Ownership Stake in Electronic Recyclers International

Alcoa (NYSE: AA), the world′s leading aluminum producer, announced today
it has become a minority investor in Electronic Recyclers International
(ERI), the largest U.S. recycler of electronics waste. Alcoa Vice
President and Chief Sustainability Officer Kevin Anton will also become
a director of ERI.

Consumer electronics represents a fast-growing market for aluminum
because of the metal′s light weight, durability, heat conductivity and
limitless surface finishes. Aluminum content in laptops alone is
expected to increase 30 percent by 2013, from a 2010 baseline. Through
this new partnership, Alcoa will bring its expertise in recycling to the
growing challenge of e-waste, enhancing the role aluminum plays in
making electronics more sustainable.

'We see tremendous opportunity for aluminum in the consumer electronics
market,? Anton said. 'This partnership between our two companies
enhances Alcoa′s ability to deliver on its commitment to sustainability
by increasing the recycling of consumer electronics and driving
sustainable practices.

'As the country′s largest e-waste recycler, ERI shares Alcoa′s
commitment to financial success, environmental excellence, and social
responsibility, and I look forward to working with ERI to drive
recycling in the consumer electronics market.?

Alcoa partnered with ERI in 2010 to develop the free Aluminate recycling
app for iPhone, as part of the company′s goal of increasing the
recycling rate of aluminum cans in the U.S. to 75 percent by the year
2015.

Alcoa′s investment will help further develop ERI′s industry-leading
recycling technologies and expand its geographic footprint across the
U.S. Anton′s addition to the ERI board will deepen its capacity and
expertise through his background in both finance and sustainability.
Prior to leading Alcoa′s sustainability efforts, Anton served as vice
president, finance and strategy, for Alcoa Global Primary Products and
brings more than 30 years of leadership in the metals and mining
industry to the board.

As part of its ongoing commitment to the environment and sustainability,
Alcoa also announced today that it will become an enterprise member of
the Basel Action Network (BAN)′s e-Stewards Certification program, an
organization dedicated to eliminating the disproportionate impact of
trade in toxic chemicals and products on developing countries. ERI was a
founding member of BAN′s e-Stewards Certification program.

'Aluminum′s use in the global consumer electronics market continues to
increase rapidly and we are honored to partner with Alcoa, a leader in
the industry,? said John S. Shegerian, ERI′s co-founder, chairman and
CEO. 'This partnership will allow us to continue expanding and improving
our operations while keeping pace with the ever-growing demand for
sustainable solutions to electronic waste.?

About Alcoa

Alcoa (NYSE:AA) is the world′s leading producer of primary and
fabricated aluminum, as well as the world′s largest miner of bauxite and
refiner of 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 Electronic Recyclers International (ERI)

Now the largest recycler of electronic waste in the world,
Fresno-headquartered Electronic Recyclers International handles over 120
million pounds of waste annually at six locations around the country in
California, Washington, Colorado, Indiana, Massachusetts and Texas. It
has the United States′ largest electronic waste shredding capacity and
recycles the largest volume of electronics from U.S. retailers and
manufacturers, including Best Buy and Samsung. It leads the U.S. in
compliance around data destruction and in environmental stewardship,
with 100 percent of its recyclable metals broken into commodities and
sent straight to the smelter. ERI′s 1800Recycling.com website is also
the number one recycling search engine in the U.S. For more information
about e-waste recycling and ERI, call 1-800-884-8466 or visit http://www.electronicrecyclers.com.

Forward-Looking Statements

Certain statements in this release relate to future events and
expectations and, as such, constitute forward-looking statements
involving known and unknown risks and uncertainties that may cause
actual results, performance or achievements of Alcoa to be different
from those expressed or implied in the forward-looking statements. These
statements can be identified by the use of predictive, future-tense or
forward-looking terminology, such as 'expects,? 'forecasts,? 'intends,?
'outlook,? 'plans,? 'projects,? 'should,? 'will,? or other words of
similar meaning. All statements that reflect Alcoa′s expectations,
assumptions, or projections about the future other than statements of
historical fact are forward-looking statements, including, without
limitation, forecasts concerning global demand for aluminum, aluminum
end-market growth, aluminum consumption rates, or other trend
projections, and statements about Alcoa′s strategies, objectives, goals,
targets, outlook, and business and financial prospects. Important
factors that could cause actual results to differ materially from those
in the forward-looking statements include: (a) material adverse changes
in aluminum industry conditions, including global supply and demand
conditions and fluctuations in London Metal Exchange-based prices for
primary aluminum, alumina, and other products; (b) unfavorable changes
in general business and economic conditions, in the global financial
markets, or in the markets served by Alcoa, including automotive and
commercial transportation, aerospace, building and construction,
distribution, packaging, consumer electronics, oil and gas, defense, and
industrial gas turbines; (c) Alcoa's inability to realize expected
benefits from its investments in other companies; (d) Alcoa′s inability
to achieve its goal of increasing the recycling rate of aluminum cans in
the U.S. or its other sustainability goals; (e) changes in competitive
conditions, including developments in technology, actions by
competitors, and developments in products, including customer acceptance
of aluminum in substitution for competing materials; (f) changes in
relationships with, or the business or financial condition of,
customers, suppliers, and business partners; and (g) the other risk
factors summarized in Alcoa's Form 10-K for the year ended December 31,
2010 and other reports filed with the Securities and Exchange
Commission. Alcoa disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable law.

Alcoa

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