RUSNANO and Alcoa Sign a Memorandum of Understanding

NEW YORK--(Business Wire)--
Alcoa (NYSE:AA) President and CEO Klaus Kleinfeld and RUSNANO CEO Anatoly
Chubais have signed a Memorandum of Understanding to explore opportunities for
applying nanotechnology in the aluminum industry. The two companies have
identified several promising technical and commercial fields to begin pursuing
together. These include off-shore oil and gas drilling systems, high-efficiency
power transmission, next-generation lighting, energy-efficient buildings and
transportation systems and green packaging.

The signing took place during a visit by a RUSNANO delegation to Alcoa`s New
York headquarters and the Alcoa Technical Center in Pittsburgh, Pennsylvania.

Commenting on the results of the visit, Klaus Kleinfeld, Alcoa President and
CEO, said: "This partnership with RUSNANO offers great promise for Alcoa and the
entire aluminum industry. Building on our existing investment and presence in
Russia, we are proud to be a partner of the leading Russian nanotechnology
institution."

Alcoa has been present in Russia since 1993. In 2005, the company purchased two
leading aluminum fabricating facilities Alcoa SMZ (formerly the Samara
metallurgical plant) and Alcoa Metallurg Rus (formerly Belaya Kalitva
metallurgical production plant.). Alcoa has modernized the facilities, investing
more than $750 million in upgrades. Together with RUSNANO, Alcoa continues that
modernization with the new development of cutting-edge, advanced technologies
for aluminum production in Russia. The Company anticipates the partnership will
not only contribute to the increase in the aluminum products consumption in the
country, but will also assist in diversifying and innovating the Russian
economy.

RUSNANO CEO Anatoly Chubais stated: "Having been established in 2007, our
Corporation has occupied a very active position in working with the world`s
leading companies and scientific institutions on developing and localizing the
nanotechnologies in Russia. We work in cooperation with the most renowned
Russian scientists and experts to identify and commercialize the innovative
technologies that will take the Russian economy to the next level of
development. I am confident that the Memorandum of Understanding that we signed
with Alcoa, one of the global leaders in the production of aluminum and aluminum
products, is a first step on the road to a very beneficial joint cooperation
that will heavily rely on both parties` expansive knowledge and expertise. With
Alcoa, we are looking forward to the implementation of the concrete projects of
bringing nanotechnologies` advantage for the creation of the new generation
aluminum products for the Russian and export markets."

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum,
fabricated aluminum and alumina combined, through its active and growing
participation 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 wheels, fastening systems, precision and
investment castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic Forum in
Davos, Switzerland and has been a member of the Dow Jones Sustainability Index
for eight consecutive years. Alcoa employs approximately 63,000 people in 31
countries across the world. More information can be found at www.alcoa.com

About RUSNANO

The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 to
effect Government policy in the field of nanotechnology. RUSNANO co-invests in
nanotechnology industry projects that have high commercial potential or
considerable social benefit. Early-stage investment by RUSNANO lowers the risks
to partners in investment from the private sector. RUSNANO participates in
building nanotechnology infrastructure, provides educational programs, and
supports the popularization of nanoscience and nanotechnology. To enable the
Russian nanotechnology industry to strengthen its international links and to
advance to the global market, RUSNANO develops partnerships with the world`s
leading nanotechnology centers and organizes the annual Nanotechnology
International Forum in Russia. To learn more about RUSNANO and to submit your
project for the investment consideration, please visit our website
www.rusnano.com

Alcoa Inc.
Editorial Contact:
Kevin G. Lowery, 412-553-1424
Kevin.lowery@alcoa.com
or
Investor Relations:
Matthew E. Garth, 212-836-2674
Matthew.garth@alcoa.com

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