Alcoa Announces Environment, Health and Safety Achievement Awards.

PITTSBURGH--(BUSINESS WIRE)--Oct. 15, 1998--Alcoa (NYSE:AA) announced today six achievement awards for outstanding accomplishment in Environment, Health and Safety. The recipients are being recognized for outstanding environmental, health and safety performance within the company's 250 operating locations and 30 countries worldwide.

The winners are: -0-

--   Alcoa Engineered Products for development and deployment of a
     comprehensive and sophisticated risk assessment process designed
     to dramatically reduce the likelihood of events that can cause
     fatalities. Alcoa's Engineered Products business unit produces
     extrusion and tube products for a variety of uses.

--   Alcoa Fujikura Ltd.'s (AFL) North American Automotive Operations
     is recognized for the speedy and effective integration of
     environment, health and safety management systems into the
     business activities of 22 newly acquired Electro-Wire
     manufacturing locations in North America. AFL produces electrical
     components and specialty fiber-optic products for the automotive
     and telecommunications markets.

--   Alcoa Manufacturing (G.B.) Limited in Swansea, Wales received an
     award fora training program which has dramatically changed
     attitudes towards hearing conservation and protection. Swansea
     produces both aluminum extrusions and tube and sheet and plate
     products.

--   Alcoa's Pt. Comfort, Texas, alumina refinery is recognized for
     implementation of a safety management process that has resulted
     in significant improvements in the location's safety awareness
     and performance. Work days lost to injury at the refinery have
     been reduced from 400 per year to only four in 1997.

--   The Maximum Achievable Control Technology team with
     representatives from locations throughout the U.S. was recognized
     for seven years of cooperative work with the EPA who will see
     significant reductions in particulate and fluoride emissions from
     Alcoa's U.S. aluminum smelters while saving the company
     US$120 million in capital expenditures and US$1 million in
     operating costs each year.

--   The Pt. Henry smelter in Australia is recognized for an extensive
     wetlands management program which has created habitat for
     wildlife, including rare and endangered migratory birds, improved
     water quality management practices, and, as a result eliminated
     exceedances of the smelter's EPA water quality license.

Alcoa's Environmental, Health and Safety Achievement Awards are designed to recognize, support and encourage outstanding efforts to improve environmental, health and safety performance. They are amongst the highest honors that can be earned within the company.

Alcoa is the world's largest producer of aluminum and alumina and a major participant in all segments of the industry: mining, refining, smelting, fabricating and recycling.