Allegheny Technologies Announces Enhancement of Richburg, SC Facility.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--March 13, 2002

Allegheny Technologies Incorporated (NYSE:ATI) announced a project designed to enhance the high performance metals capabilities of its Richburg, South Carolina long products rolling mill facility. The project includes mutual conversion agreements with AvestaPolarit's U.S. long products subsidiary, AvestaPolarit, Inc.

"This project provides Allegheny Technologies with enhanced capabilities and efficiencies consistent with our objectives to reduce costs and grow our diverse High Performance Metals segment businesses," said Jim Murdy, president and chief executive officer of Allegheny Technologies. "These agreements with AvestaPolarit permit both companies to pursue strategies for their separate and distinct product lines at considerable capital cost avoidance.

"The new capital project at the Richburg, SC facility should be completed in the second half of 2004 and cost Allegheny Technologies approximately $30 million. Our 2002 capital expenditure plan remains approximately $50 million, as previously announced."

The companies entered into 20-year agreements giving AvestaPolarit access to process stainless steel long products at Allegheny Technologies' Richburg facility and Allegheny Technologies access to process high performance long products at AvestaPolarit's Richburg facility. Allegheny Technologies has converted stainless steel long products for AvestaPolarit at Allegheny Technologies' Richburg mill since 1994.

This news release contains forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Allegheny Technologies' filings with the Securities and Exchange Commission.

Allegheny Technologies Incorporated (NYSE:ATI) is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $2.1 billion in 2001. The Company has approximately 10,700 employees world-wide and its talented people use innovative technologies to offer growing global markets a wide range of specialty materials. High-value products include nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steels, super stainless steel, exotic alloys, which include zirconium, hafnium and niobium, tungsten materials, and highly engineered strip and Precision Rolled Strip(R) products. In addition, we produce commodity specialty materials such as stainless steel sheet and plate, silicon and tool steels, and forgings and castings. The Allegheny Technologies website can be found at www.alleghenytechnologies.com.