Alcoa Foundation Awards Scholarships to Six Pittsburgh-Area Students; Part of National Scholarship Program Awarding $534,000 to 91 High-School Students Nationwide.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--June 10, 2002

Alcoa Foundation today announced scholarships to six Pittsburgh-area high-school students as part of its Sons and Daughters national scholarship program which awarded $534,000 to 91 students nationwide. The awardees are selected by a national panel of college and university professionals on the basis of academic achievement and potential, leadership ability, volunteerism/community service, and character.

The area students selected are:

-- Brendan Lease, son of Alcoa employee John Lease of Export; Brendan is a
senior at Franklin Regional Senior High School and will attend Pennsylvania
State University.

-- Catherine Steger, daughter of Alcoa employee Suzanne Steger of Shaler;
Catherine is a senior at Shaler Area High School and will attend the University
of Pittsburgh Honors College.

-- Ivy Wang, daughter of Alcoa employee Albert Wang of Pittsburgh; Ivy is a
senior at Shadyside Academy and will attend Yale University.

-- Jillian Dumont, daughter of Alcoa employee Joel Dumont of Canonsburg;
Jillian is a senior at Canon-McMillan High School and will attend Wheeling
Jesuit University.

-- Steven Gassert, son of Alcoa employee Carolann Gassert of Gibsonia; Steven
is a senior at Hampton Area High School and will attend Catholic University of
America.

-- Kyle Woodward, son of Alcoa employee Brian Woodward of Pittsburgh; Kyle is a
senior at North Allegheny High School and will attend Stanford University.

The Sons and Daughters Program is open to children of Alcoa employees in the U.S. It is unique in that it encourages four-year, two-year and vocational-technical education, whereas many scholarship programs focus on four-year college programs only. This is the program's 50th year of making scholarship awards. Since its inception, the Sons and Daughters program has helped thousands of students attend college or technical school.

Established in 1952, Alcoa Foundation is a global resource that actively invests in improving the quality of life in more than 25 countries around the world where Alcoa operates. In addition to community grants addressing local needs, the Foundation provides global grants focusing on Areas of Excellence, including: Conservation and Sustainability; Safe and Healthy Children and Families; Global Education in Science, Engineering, Technology and Business; Business and Community Partnerships; and Skills Today for Tomorrow. For more information about Alcoa Foundation, visit www.alcoa.com and click on "Community."