Alcoa Announces Dividend

The Board of Directors of Alcoa (NYSE:AA) declared (a) a quarterly
common stock dividend of 3 cents per share payable August 25, 2011 to
shareholders of record at the close of business on August 5, 2011 and
(b) a quarterly dividend of 93.75 cents per share on Alcoa′s $3.75
cumulative preferred stock payable October 1, 2011 to shareholders of
record at the close of business on September 9, 2011.

About Alcoa

Alcoa 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.

Alcoa

Investor Contact

Roy C. Harvey, 212-836-2674

or

Media
Contact

Michael E. Belwood, 812-604-0530