Alcoa Increases Pre-press Packaging Graphic Capabilities with Purchase of Colorbrite Inc.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--June 3, 2002

Alcoa Inc. announced today that its Southern Graphic Systems (SGS) digital imaging and communications business has acquired privately held Colorbrite Inc., a leading provider of pre-press and flexographic plates - the steps between design and printing of packaging, advertising and merchandising materials -- in the Midwest region of the U.S. Colorbrite is headquartered in Minneapolis, Minn., and has approximately 100 employees. Terms of the agreement were not disclosed.

In making the announcement, H. R. Baughman, president of Southern Graphic Systems, said, "The addition of Colorbrite to the Southern Graphic family makes SGS one of the leading pre-press providers in the upper Midwest and strengthens our value proposition to the consumer products industry."

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses as a single solution to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 38 countries.

Alcoa (NYSE: AA)

Forward Looking Statement

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 related to this transaction to be different from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include Alcoa's inability to achieve the level of growth anticipated by management, including possible increases in the cost of doing business resulting from economic or competitive factors in Japan, and other risk factors summarized in Alcoa's Form 10-K for the year ended December 31, 2001.