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Alcoa Named to "World's Most Ethical Companies" List by Ethisphere Magazine

MONTREAL, May 14 /CNW Telbec/ - Alcoa (NYSE:AA) was named one of the
World's Most Ethical Companies by Ethisphere Magazine, a national publication
dedicated to illuminating the important correlation between ethics and profit.
Companies were recognized for their strong leadership in ethics and
compliance, advancement of industry discourse on social and ethical issues,
and positive engagement in the communities in which they operate.
"At Alcoa, our Values guide our behavior at every level of the
organization. We are proud of this accomplishment which recognizes our
commitment to ethical leadership and corporate social responsibility," said
Alcoa Chairman and CEO Alain Belda.
Ethisphere Magazine offers insight on gaining market share and creating
sustainable competitive advantage through ethical business practices and
corporate citizenship to global Board members, CEOs, General Counsel, Chief
Ethics and Compliance Officers and institutional investors.
The editors of the magazine chose fewer than 100 companies from several
thousand organizations that they analyzed over a six-month period. "This was a
rigorous process that identified a select group of companies that were
unequalled in their industries for their commitment to ethical leadership and
corporate social responsibility. These organizations go beyond making
statements about doing business ethically; they translate those words into
action," said Alex Brigham, executive editor of Ethisphere Magazine.
The process included reviewing companies' codes of ethics, litigation and
regulatory infraction histories; evaluating investment in innovation and
sustainable business practices; looking at companies' activities to improve
corporate citizenship; studying nominations from senior executives, industry
peers, suppliers and customers; and working with consumer action groups for
feedback and rating.

About Alcoa

Alcoa is the world's leading producer and manager of primary aluminum,
fabricated aluminum and alumina facilities, 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
to customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets
Alcoa(R) wheels, fastening systems, precision and investment castings,
structures and building systems. The company has 122,000 employees in 44
countries and has been named one of the top most sustainable corporations in
the world at the World Economic Forum in Davos, Switzerland. More information
can be found at www.alcoa.com

About the Ethisphere Council

The Ethisphere Council was created in 2006 by Corpedia, a leader in risk
assessment and eLearning for ethics and compliance, the Practising Law
Institute, a non-profit organization committed to enhancing the
professionalism of attorneys and others and LexisNexis, a leading provider of
comprehensive information and business solutions; and formed with support from
such leading corporations as Deutsche Telekom, Time Warner, Dresser
Industries, Avaya and Kraft, the council is dedicated to the research,
creation, and sharing of best practices in ethics, compliance, and corporate
governance among its membership companies. It also focuses on the development
and advancement of its members through increased efficiency, innovation,
tools, mentoring, advice, and unique career opportunities. More information on
membership can be found at http://www.ethisphere.com.

For further information: Pierre Després, Vice-President, Public and
Governmental Affairs, Alcoa Canada, [phone], [e-mail]