Allegheny Technologies Names Successor to Chief Executive Officer.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--July 10, 2003

Allegheny Technologies Incorporated (NYSE:ATI) announced today that the Company's Board of Directors has selected L. Patrick Hassey, 57, to become president and chief executive officer, effective October 1, 2003. Mr. Hassey will succeed James L. Murdy, 65, who is retiring from the Company effective September 30, 2003. Mr. Hassey also has been elected to the ATI Board of Directors, effective immediately.

Mr. Hassey has 35 years of broad international experience in metals manufacturing, engineered products, marketing and sales. He was executive vice-president and a member of the corporate executive committee at Alcoa, Inc., at the time of his retirement in February 2003. Mr. Hassey has been working as an outside management consultant to ATI executive management since his retirement from Alcoa.

"Pat Hassey is exceptionally well-qualified to lead Allegheny Technologies," said Robert P. Bozzone, chairman of Allegheny Technologies. "At Alcoa, Pat successfully led the strategy development and marketing for Alcoa's aerospace businesses. He has extensive domestic and international experience in the aerospace, automotive, distribution, and industrial gas turbine sectors. Throughout his tenure at Alcoa, which included assignments in the United States and abroad, he established a reputation as a strong, visionary leader, with exceptional energy and strong values. The Board of Directors is very pleased that Mr. Hassey has decided to join the ATI team. We are confident that Pat has the vision, experience and strength of character to lead ATI and its dedicated and talented employees. We have already seen the benefit of his insights over the last several months as a consultant to ATI's senior executives.

"The board also wishes to acknowledge the many contributions Jim Murdy has made to ATI over the past 15 years and thank him for his loyal and dedicated service, first as chief financial officer and more recently as chief executive officer. We expect an orderly and smooth management transition to occur between now and the end of September. Pat and Jim work very well together and I believe a growing, healthier, and stronger ATI will emerge," said Mr. Bozzone.

Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $1.9 billion in 2002. The Company has approximately 9,650 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.