Allegheny Technologies Announces Labor Agreement at Wah Chang Facility.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--March 22, 2002

Allegheny Technologies Incorporated (NYSE:ATI) announced that its Wah Chang operating company located in Albany, OR and the United Steelworkers of America (USWA) have reached a new six-year labor agreement ending a seven-month strike, which began on September 4, 2001. The new agreement covers approximately 660 employees. It becomes effective on April 1, 2002 and expires on March 31, 2008.

"We're pleased that Wah Chang and the USWA have reached agreement on a new contract," said Doug Kittenbrink, executive vice president and chief operating officer of Allegheny Technologies. "With this agreement, Wah Chang can continue to provide the same high level of service and product quality demanded by our customers. Moreover, this six-year agreement lets our customers know that they can expect to have available a reliable and continuous supply of our high quality exotic alloys. This new agreement meets our objective to keep Wah Chang a cost competitive producer.

"I want to personally thank all our people for their extraordinary support during the strike. They did a remarkable job keeping the operation running at normal levels and helped keep customers supplied. Their dedication has been inspiring."

Terms of the contract were not released.

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.