Alcoa Announces Dividend

NEW YORK, NY., Sept. 19, 2008--The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 17 cents per share payable November 25, 2008 to shareholders of record at the close of business on November 7, 2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable January 1, 2009 to shareholders of record at the close of business on December 12, 2008. Alcoa has paid a quarterly dividend on its common stock for more than 60 years.